[NEED LEGAL HELP?] Call our 24/7 Helpline: 1-866-723-4855


Definition - What does Leasehold mean?

Leasehold is a legal status where a tenant is registered as having a legal interest in a property and does not own the property. This happens in long term commercial leases and at times in long term residential leases as well.

Justipedia explains Leasehold

Leasehold allows tenants a greater set of laws that protect them. For instance, there are limited reasons why a landlord can end a leasehold early. If the landlord succeeds, the amount of notice allowed to the tenant is greatly increased under leasehold terms.

Connect with us

Justipedia on Linkedin
Justipedia on Linkedin
"Justipedia" on Twitter

Sign up for Justipedia's Free Newsletter!