leasehold

noun

lease·​hold ˈlēs-ˌhōld How to pronounce leasehold (audio)
1
: a tenure by lease
2
: property held by lease
leaseholder noun

Examples of leasehold in a Sentence

Recent Examples on the Web Tuesday, Port of San Diego Commissioners voted unanimously in favor of the transaction, starting the clock on a process that should see the Navy’s leasehold formally terminated before the end of the year. Jennifer Van Grove, San Diego Union-Tribune, 13 Sep. 2023 Vornado, which has struggled for years to demolish the old pier and to transform it into various different venues such as a giant trade show facility, contributed its long-term leasehold to the venture. Brent Lang, Variety, 29 Aug. 2023 And, in February, the firm sold the leasehold for its Escondido mall, now called North County Mall, to Steerpoint Capital and Bridge Group Investments for $57 million. Jennifer Van Grove, San Diego Union-Tribune, 21 July 2023 The acquisition cost for the North County leasehold was $57 million, said Steerpoint Managing Partner Bo Okoroji. San Diego Union-Tribune, 3 Feb. 2023 When the merger is completed during the 2nd half of 2022, the combined company will sport approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. David Blackmon, Forbes, 19 May 2022 The circa $523 million sale to IKEA had been widely rumored for some weeks and the deal to buy the leasehold on the building, which encompasses the 100,000 sq ft former Topshop store, London’s famous Nike Town store and a Vans footwear store, should complete in January. Mark Faithfull, Forbes, 26 Oct. 2021 New York City Regional Center LLC is seeking to recoup its losses through the lawsuit filed Monday against the Port Authority, which detailed problems with a chapter 11 sale for the retail leasehold at the George Washington Bridge Bus Station in Washington Heights. Jonathan Randles, WSJ, 5 Oct. 2021 Similarly, instead of saying the tenant can’t borrow more than 75% of the value of the leasehold, the lease could have said the tenant needs the owner’s consent to obtain a larger loan or one that otherwise does not comply with the criteria in the ground lease. Joshua Stein, Forbes, 21 Sep. 2021 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'leasehold.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1710, in the meaning defined at sense 1

Time Traveler
The first known use of leasehold was in 1710

Dictionary Entries Near leasehold

Cite this Entry

“Leasehold.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/leasehold. Accessed 3 Dec. 2023.

Legal Definition

leasehold

noun
lease·​hold ˈlēs-ˌhōld How to pronounce leasehold (audio)
: a tenure of real property held by a lessee under a lease : a lessee's estate in the property
also : the property so held compare fee, freehold
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