leasehold
noun [ C or U ]
LAW, PROPERTY uk/ˈliːshəʊld/ us/-hoʊld/the right to live in or use a building, piece of land, etc. for a particular period of time as agreed in a lease:
He has bought the long leasehold on a 100,000 square foot listed building.
buy/hold/sell the leasehold The company sold the leasehold of the site for £340,000 last month.
Compare
freehold noun
leasehold
adjective
LAW, PROPERTY uk/ˈliːshəʊld/ usleasehold property is used for a particular period of time as agreed in a lease:
Most retirement properties are leasehold.
a leasehold agreement/flat
leasehold
adverb
Most of the properties are sold leasehold.