• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Real-Estate-Dictionary.com

Real Estate Terms : A to Z

  • Home
  • Articles & Blog
  • Job Search

Definition of Leasehold Interest

Get the meaning of Leasehold Interest

by R.E.D. Leave a Comment

Leasehold Interest, in real estate, refers to the right of a tenant to use and occupy a property for the duration of a lease agreement with the property owner. This interest does not confer ownership of the property but grants the tenant certain rights and responsibilities as outlined in the lease.

Leasehold Interest is a term relevant to tenants, landlords, real estate professionals, and potential investors. It defines the tenant’s rights to the property, which can include the right to modify the property, sublease it, or even sell the leasehold interest, depending on the terms of the lease.

Example(s) of Leasehold Interest

For instance, a business might have a leasehold interest in a commercial property where they operate their store. This interest allows them to use the property for their business operations for the term of the lease.

Related Real Estate Terminology

  • Lease, Tenant
  • Landlord
  • Lease Agreement
  • Freehold
  • Sublease
  • Ground Lease
  • Lease Term
  • Rent.

Legal or Regional Considerations

The specifics of what a leasehold interest entails can vary based on local laws and customs. In some jurisdictions, leasehold interests can last for several decades and can be bought and sold like other property interests. In others, leasehold interests may be more restrictive.

Significance

Understanding Leasehold Interest is crucial in real estate as it defines the rights and obligations of a tenant during the lease term. It’s particularly important in commercial real estate, where leasehold interests can significantly impact the value of a business.

References

  1. Investopedia: Leasehold
  2. The Balance: Understanding Leasehold Estate
  3. Legal Dictionary: Leasehold Interest
  4. LegalMatch. (2023). Real Property Conveyance Laws – Link

Filed Under: L, Real Estate Terms

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search

Recent Real Estate Blog Articles

Successful Real Estate Agent

How Seller Concessions Can Make or Break Your Home Sale

I. IntroductionHello there, future home sellers and buyers! Today, … [read more] about How Seller Concessions Can Make or Break Your Home Sale

A Closer Look at Commercial vs. Residential Real Estate Investments

Choosing the right kind of real estate investment can be a decisive factor … [read more] about A Closer Look at Commercial vs. Residential Real Estate Investments

Top 10 Emerging Real Estate Markets to Watch in 2023

The landscape of real estate is ever-changing. Let's take a look at the … [read more] about Top 10 Emerging Real Estate Markets to Watch in 2023

More Real Estate Blog Articles

Footer

Real-Estate-Dictionary.com

Real Estate Terms : A to Z

Copyright © 2023 · All Rights Reserved · Real Estate Dictionary · Contact · Terms of Use · Privacy