The fact or condition of holding property by lease.(noun)
Property held by lease.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "leasehold" in a sentence
""The redistribution land will be provided under a long-term leasehold system.""
"All land-holders would operate under a long-term leasehold system."
"It is the distortion of power and the assumption that we all have unlimited spheres of power belonging to ourselves that is the great disease and the root of our trouble and because the human race has distorted its use of power by treating it as ultimate and not as leasehold from the Creator."