Leaseholding: meaning, definitions and examples
๐ข
leaseholding
[ หliหsหhoสldษชล ]
property ownership
Leaseholding refers to a system of property ownership where one party, the leaseholder, holds the right to occupy and use a property for a specified period under a lease agreement with the freeholder. This arrangement often involves paying rent and adhering to certain conditions set by the freeholder.
Synonyms
lease, rental agreement, tenant.
Examples of usage
- He has a leasehold on the apartment for 99 years.
- The leaseholder must maintain the property as per the lease agreement.
- Leasehold properties are common in urban areas.
- Many young people opt for leaseholding instead of buying outright.
Translations
Translations of the word "leaseholding" in other languages:
๐ต๐น arrendamento
๐ฎ๐ณ เคชเคเฅเคเคพ
๐ฉ๐ช Pacht
๐ฎ๐ฉ sewa
๐บ๐ฆ ะพัะตะฝะดะฐ
๐ต๐ฑ dzierลผawa
๐ฏ๐ต ใชใผใน
๐ซ๐ท bail
๐ช๐ธ arrendamiento
๐น๐ท kiralama
๐ฐ๐ท ์๋
๐ธ๐ฆ ุฅูุฌุงุฑ
๐จ๐ฟ nรกjem
๐ธ๐ฐ prenรกjom
๐จ๐ณ ็ง่ต
๐ธ๐ฎ najem
๐ฎ๐ธ leiga
๐ฐ๐ฟ ะถะฐะปาะฐ ะฐะปั
๐ฌ๐ช แฅแแ แแแแแแ
๐ฆ๐ฟ icarษ
๐ฒ๐ฝ arrendamiento
Etymology
The term 'leaseholding' has its origins rooted in the legal and property terminology of the English language. It combines the word 'lease,' which comes from the Old French 'laisser,' meaning 'to let' or 'to leave,' and 'holding,' from Old English 'holdan,' meaning 'to have or possess.' The practice of leaseholding dates back to feudal times, where the king or a noble would grant land to vassals in exchange for services or rent. Over centuries, the concept evolved into a more structured legal right where individuals can hold properties under leases, especially during the rise of urbanization in the 18th and 19th centuries. The system of leasehold property became particularly prominent in the UK, where it allowed many to access housing without the need for outright purchase. Today, leaseholding is still a prevalent form of property tenure, though it has faced scrutiny and calls for reform in recent years.