Leaseholder Meaning: Definition, Examples, and Translations
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leaseholder
[ˈliːsˌhəʊldə ]
Definition
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
Which Synonym Should You Choose?
Word | Description / Examples |
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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.
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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.
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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.
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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.
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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.