Synonyms for
Leasehold
Definition
Leasehold is a legal arrangement where one party owns a property for a limited period of time, but not the land it stands on. The land is usually rented from the owner, who is known as the freeholder.
Synonyms & similar words
Example sentences
- The leasehold on our house will expire in five years.
- We have a leasehold agreement for our apartment.
- The leasehold for the store expired last month.
- He bought a leasehold on the land for 99 years.
- The leasehold agreement stipulates that we cannot make any structural changes to the building.
Quotes
The leasehold system is a form of feudalism that has no place in a modern society. - Alan Simpson
I do not like the leasehold system. It is a form of financial slavery. - Ken Livingstone
The leasehold system is a blight on the housing market. - Sebastian O'Kelly