From Longman Dictionary of Contemporary Englishleaseholdlease‧hold /ˈliːshəʊld $ -hoʊld/ adjective especially British English SCLleasehold property is property that you will own only for the period of time stated in a lease → freehold —leasehold adverbFrom Longman Business Dictionaryleaseholdlease‧hold /ˈliːshəʊld-hoʊld/ adjectiveLAWPROPERTY leasehold land, buildings etc can be used by someone for as long as is stated in a LEASEDue to internal reorganization, the company has recently vacated one of its leasehold buildings. —leasehold noun [countable, uncountable]The profits also reflect the $2 million gain on the sale of a leasehold. → compare freehold
