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Leasehold
LeaseholdThe right to an estate held by lease. RELATED TERMS-------------------------------------- Right 1) Sometimes it signifies a law, as when we say that natural right requires us to keep our promises, or that it commands restitution, or that it forbids murder. In our language it is seldom used in this sense. 2) It sometimes means that quality in our actions by which they are denominated just ones. This is usually denominated rectitude. 3) It is that quality in a person by which he can do certain actions, or possess certain things which belong to him by virtue of some title. In this sense, we use it when we say that a man has a right to his estate or a right to defend himself. Estate A right or interest in property or the property of a deceased person. Lease A special kind of contract between a property owner and a person wanting temporary enjoyment and use of the property, in exchange for rent paid to the property owner. Where the property is land, a building, or parts of either, the property owner is called a landlord and the person that contracts to receive the temporary enjoyment and use is called a tenant. SIMILAR TERMS-------------------------------------- Lease A special kind of contract between a property owner and a person wanting temporary enjoyment and use of the property, in exchange for rent paid to the property owner. Where the property is land, a building, or parts of either, the property owner is called a landlord and the person that contracts to receive the temporary enjoyment and use is called a tenant. Lease and release A species of conveyance, invented by Serjeant Moore, soon after the enactment of the statute of uses. It is thus contrived; a lease, or rather bargain and sale, upon some pecuniary consideration, for one year, is made by the tenant of the freehold to the lessee or bargainee. This, is made by the tenant of the freehold to the lessee or bargainee. The lease and release, when used as a conveyance of the fee, have the joint operation of a single conveyance. Leased fee estate An ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others: usually consists of the right to receive rent and the right to repossession at the termination of the lease. Leasehold estate The right to use and occupy real estate for a stated term and under certain conditions: conveyed by a lease. PREVIOUS AND NEXT TERMS-------------------------------------- Leakage The waste which has taken place in liquids, by their escaping out of the casks or vessels in which they were kept. Leal Loyal; that which belongs to the law. Lease A special kind of contract between a property owner and a person wanting temporary enjoyment and use of the property, in exchange for rent paid to the property owner. Where the property is land, a building, or parts of either, the property owner is called a landlord and the person that contracts to receive the temporary enjoyment and use is called a tenant. Lease and release A species of conveyance, invented by Serjeant Moore, soon after the enactment of the statute of uses. It is thus contrived; a lease, or rather bargain and sale, upon some pecuniary consideration, for one year, is made by the tenant of the freehold to the lessee or bargainee. This, is made by the tenant of the freehold to the lessee or bargainee. The lease and release, when used as a conveyance of the fee, have the joint operation of a single conveyance. Leased fee estate An ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others: usually consists of the right to receive rent and the right to repossession at the termination of the lease. Leasehold Leasehold estate The right to use and occupy real estate for a stated term and under certain conditions: conveyed by a lease. Ledger Commerce, accounts, evidence. A book in which are inscribed the names of all persons dealing with the person who keeps it, and in which there is a separate account, composed generally of one or more pages for each. Ledger book Ecclesiastical law. The name of a book kept in the prerogative courts in England. It is considered as a roll of the court, but, it seems, it cannot be read in evidence. Legacy A bequest or gift of goods or chattels by testament. This word, though properly applicable to bequests of personal estate only, has nevertheless been extended to property not technically within its import, in order to effectuate the intention of the testator, so as to include real property and annuities. Legacy, accumulative An accumulative legacy is a second request given by the same testator to the same legatee, whether it be of the same kind of thing, as money, or whether it be of different things, as, one hundred dollars, in one legacy, and a thousand dollars in another, or whether the sums are equal or whether the legacies are of a different naturer. We thank you for using the Juridical Dictionary to search for Leasehold. If you have a better definition for Leasehold than the one presented here, please let us know by making use of the suggest a term option. This definition of Leasehold may be disputed by other professionals. Our attempt is to provide easy definitions on Leasehold and any other medical topic for the public at large.
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