Leasehold Property Term Meaning in Real Estate - Guide

It is a kind of ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or a landlord

Devika Arora

7 years ago

Published Date: May 07, 2018

Updated Date: Mar 27, 2024

It is a kind of ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or a landlord.

Once the time span mentioned in the lease expires, the ownership of the property is given back to the owner.

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