leasehold
🇺🇸
/ˈliːshəʊld/
🇬🇧
/ˈliːshəʊld/
for a limited time, as stated in a lease
They live in their home on a leasehold basis.
lasting only for the period of a lease
This is a leasehold property with a 99-year lease.
the right to use property for a set period
The couple decided to buy the leasehold of their apartment.