Leasehold
Term · Law · MLC-T-LAW-002956
An estate in real property that grants the tenant the right to possess and use the property for a limited period, as defined by a lease agreement. This interest is distinct from a freehold estate, which signifies ownership. Leasehold estates can be for a fixed term, periodic, at will, or at sufferance.
| Identifier | MLC-T-LAW-002956 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002956",
"term": "Leasehold",
"field": "Law",
"definition": "An estate in real property that grants the tenant the right to possess and use the property for a limited period, as defined by a lease agreement. This interest is distinct from a freehold estate, which signifies ownership. Leasehold estates can be for a fixed term, periodic, at will, or at sufferance.",
"url": "https://mlchart.com/terminology/law/leasehold/"
}
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