Leasehold

The limited interest in a property held by a tenant; primarily the right to inhabit it for a specified period of time. At the end of the lease, the property reverts to the owner or landlord.

Related Terms:

1. Palm Desert, Newport Beach, Irvine, and San Diego California Real Estate Attorney Analyzes What Makes a Real Estate Lease Legal
2. Escheat
3. Joint Tenancy
4. Leasehold Estate
5. Leasehold Interest