leasehold

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lease|hold /l'iːshoʊld/
1 [ADJ]
If a building or land is described as leasehold, it is allowed to be used in return for payment according to the terms of a lease. (mainly BRIT)
I went into a leasehold property at four hundred and fifty pounds rent per year.
2 [N-COUNT]
If you have the leasehold of a building or piece of land, you have the legal right to use it for a period of time as arranged according to a lease. (mainly BRIT)

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