Property INTEREST a LESSEE owns in the leased property Ledger - Any book of accounts containing the summaries of debit and credit entries
The right to possession, but not ownership, of a property for an agreed period of time Ultimate ownership remains with the freeholder
If you have the leasehold of a building or piece of land, you have the legal right to use it for a period of time as arranged according to a lease. leasehold property is property that you will own only for the period of time stated in a lease freehold
The limited interest in a property held by a tenant; primarily the right to inhabit it for a specified period of time At the end of the lease, the property reverts to the owner or landlord
The right to possession and use of land for a fixed period of time The lease is the agreement that creates the right
The land on which the property is built is not owned directly by the property purchaser and is held under a lease for a fixed period
land held under a lease, which is a contract by which the right of exclusive possession of land is granted by a landlord (the lessor) to a tenant (the lessee) for an agreed amount of money for an agreed period of time
A leasehold estate gives possession of the land for a period that is shorter than a lifetime The owner of the property (has either a "fee interest" or "life estate") is the "lessor"; the person having the leasehold interest is the "lessee"
>> A tenant's right to occupy real estate during the term of the lease This is a personal property interest
When you buy a leasehold property, essentially you are buying nothing more than the right to occupy a building for a given length of time You will have to pay ground rent and maintenance in addition to a one-off payment that buys ownership of the lease until sold or it runs out The amount of alterations you can make to the property varies accordance with the lease and you may well have other conditions imposed upon you by the landlord As a rule, look to buy a lease with over 50 years remaining
The right to hold or use property for a fixed period of time at a given price, without transfer of ownership, on the basis of a lease contract A leasehold is treated as a fixed asset
If you buy a property that is leasehold it means that you own the property but not the land the property is on, unlike freehold where you would own both
A type of interest in a property that is certain only for a specified period of tie granted by contract
The right to possession and use of land for a fixed period of time The lease is the areement that creates the right
The interests in a property that are associated with the lessee as opposed to the lessor
- The right to possession and use of land for a fixed period of time The lease is the agreement that creates the right