/ ˈliːshəʊld; NAmE -hoʊld/ adjective , noun
■ adjective
( especially BrE ) ( of property or land ) that can be used for a limited period of time, according to the arrangements in a lease :
a leasehold property
► lease·hold adverb :
to purchase land leasehold
—compare freehold
■ noun
[ U ] ( especially BrE ) the right to use a building or a piece of land according to the arrangements in a lease :
to obtain / own the leasehold of a house
—compare freehold
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WORD ORIGIN
early 18th cent.: from lease , on the pattern of freehold .