0
A leasehold is an interest in real property in which the leaseholder doesn't own the specific piece of property but possesses a long-term lease on it. It involves a written rental/lease agreement for an extended period of time.
A leasehold often refers to the improvements made to real property when the improvements are built on land owned by one party which is leased for a long term to the owner of the improvement(s).
Still curious? Ask our experts.
Chat with our AI personalities
Rene
Beau
JordanAdd your answer:
Earn +20 pts
What does leasehold mean?
It means that you may buy the property (i.e a house) but you do not totaly own the land it stands upon. Often places are sold new with a 99 year lease, so it's not worth even worrying about as we'll all be long dead before it becomes an issue. However, if you are buying a property that is not new, it pays to find out how long is left on the lease as the owners of the lease will need paying again, and could ask for almost any amount! -Find out before you buy! Most new housing estates are sold leasehold, and it always amazes me that people are willing to pay so much, yet theoreticaly don't even own the land their house is stood on...
What does order property of multiplication?
Commutative Property Identity Property Zero Property
What are properties of algebraic inequalities?
substitution property transitive property subtraction property addition property
How do you name the property of addition?
Use These Property'sAssociative Property Of AdditionCommutative Property Of AdditionAdditive identity Property
What property does this demonstrate 32 equals 32?
It is the REFLEXIVE property of equality.It is the REFLEXIVE property of equality.It is the REFLEXIVE property of equality.It is the REFLEXIVE property of equality.
