Meaning of the word leasehold in English

What does leasehold mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

leasehold

US /ˈliːs.hoʊld/
UK /ˈliːs.hoʊld/

Noun

1.

the right to live in or use a building, piece of land, etc. for a particular period of time as agreed in a lease:

Example:
He has bought the long leasehold on a 100,000 square foot listed building.
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