Leasehold Estate

Lease Reading Leasehold Estate 1 minute Next Legal Description

Definition:   A tenancy in real property held under a lease arrangement for a definite number of years; nonfreehold.

Pronunciation:   \ˈlēs-ˌhōld\ \i-ˈstāt\

Used in a Sentence:  Under a lease, the tenant possesses a leasehold estate and the landlord possesses the reversion estate.

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