Leaseholder Meaning: Definition, Examples, and Translations

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leaseholder

[ˈliːsˌhəʊldə ]

Definition

Context #1 | Noun

real estate

A person who holds a lease on a property; a tenant who has the legal right to occupy and use the property for a specified period of time.

Synonyms

lodger, renter, tenant.

Which Synonym Should You Choose?

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Word Description / Examples
leaseholder

Use when someone has a long-term lease agreement for property, typically for years. It often refers to a more formal and long-term contractual relationship.

  • The leaseholder decided to renew the contract for another 10 years.
  • As a leaseholder of the building, she is responsible for major repairs.
tenant

Use for someone who rents a property from a landlord, typically for a longer period. This term can apply to both residential and commercial properties.

  • The tenant must pay the rent by the first of each month.
  • As a tenant, you have the right to a habitable living space.
renter

Use in a general sense for someone who pays to occupy property for a short or long term. This term is versatile and broad.

  • The renter moved into the apartment last weekend.
  • She is a first-time renter looking for a small flat.
lodger

Use when someone rents a room within a house where the owner also lives. It's less formal and often involves sharing facilities like the kitchen and bathroom.

  • The lodger has dinner with the family every night.
  • As a lodger, you need to inform the landlord if you plan to have guests.

Examples of usage

  • The leaseholder of the apartment is responsible for paying the rent on time.
  • As a leaseholder, you have certain rights and responsibilities outlined in the lease agreement.

Translations

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Origin of 'leaseholder'

The term 'leaseholder' originated in the real estate sector and has been in use since the mid-19th century. It is derived from the combination of the words 'lease' and 'holder', referring to a person who holds a lease on a property. Leaseholders play a crucial role in the rental market by providing a stable source of income for property owners while enjoying the benefits of occupying a property without owning it outright.


See also: lease, leasing, sublease.