Definition of Leasehold interest:
Claim or right to enjoy the exclusive possession and use of an asset or property for a stated definite period, as created by a written lease. A long-term lease interest is a valuable asset in its own right which can be traded or mortgaged as a physical asset.
How to use Leasehold interest in a sentence?
- The leasehold interest was of considerable value to the attorney who highlighted several interesting clauses in the contract we signed.
- You should make sure that you know what all is entailed in the leasehold interest and make sure to follow it closely.
- The woman sat down to dinner explaining to her husband the nature of the leasehold interest regarding their former business, being another asset to the company she runs now.
Meaning of Leasehold interest & Leasehold interest Definition