What's the difference between lease and leasehold?

Lease


Definition:

  • (v. i.) To gather what harvesters have left behind; to glean.
  • (v. t.) To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
  • (v. t.) To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
  • (v. t.) A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
  • (v. t.) The contract for such letting.
  • (v. t.) Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.

Example Sentences:

  • (1) Mindful of their own health ahead of their mission, astronauts at the Russia-leased launchpad in Kazakhstan remain in strict isolation in the days ahead of any launch to avoid exposure to infection.
  • (2) In 2005, Westbrook bought the £190m head lease for Dolphin Square, once the largest block of flats in the world with a colourful list of former residents, including more than 70 MPs, at least 10 Lords and a number of intelligence agency personnel.
  • (3) The Labour leadership election gained a new lease of life today as parliament's first black female MP, Diane Abbott , entered the race and the party extended the deadline for nominations, giving extra time for new candidates to emerge.
  • (4) In 2012, the state and county committed $226m to the team in a new lease deal.
  • (5) In addition, another 25 million acres of state and federal lands in the U.S. Arctic — onshore and off — are open to oil and gas leasing; of that,13.5 million acres have already been leased.
  • (6) A student who lost her leg in the Alton Towers rollercoaster crash says she has been given a new lease of life by a hi-tech prosthetic leg and that she is stronger for her harrowing experience.
  • (7) Many articles published on the topic of lease financing point only to the benefits that may be derived.
  • (8) The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar less than an hour after it took off from Ouagadougou for Algiers.
  • (9) Although providing a new lease on life is very rewarding within itself, it can also be stressful for all involved.
  • (10) His lieutenants have floated the possibility that whoever takes over our roads could get them on 100-year leases – which would just be transferring a public asset to some private-sector oligarch.
  • (11) The retailer has also taken a £70m hit from onerous leases, and distribution centre closures in Harlow and Weybridge cost £30m.
  • (12) NT chief minister Adam Giles said the decision to lease the port rather than sell allowed the government to ensure conditions are upheld.
  • (13) But landlords often put your rent up massively at the end of your lease, meaning you have to move every two years."
  • (14) The village of Point Hope, Alaska, joined by numerous native and environmental groups, is now challenging offshore development on the 2.9 million acres in the Chukchi Sea, contending that MMS violated federal environmental laws when it conducted the lease sales.
  • (15) Her rent was increased by $20 as soon as her fixed-term lease ended, despite already being more expensive than similar properties in the area.
  • (16) That approval was therefore invalid, she said, adding the company was yet to obtain a mining lease for Alpha.
  • (17) But as Kathimerini.com reports, the plan is to definitely to lease the islands, not sell them forever: The fund reviewed 562 of the estimated 6,000 islands and islets under Greek sovereignty.
  • (18) The company hired by Royal Dutch Shell plc in 2012 to drill on petroleum leases in the Chukchi — Sugarland, Texas-based Noble Drilling US LLC — in December agreed to pay $12.2m after pleading guilty to eight felony environmental and maritime crimes on board the Noble Discoverer.
  • (19) However, Adani has turned to the national native title tribunal to override this objection, which would allow the state government to issue a lease for the mine.
  • (20) Contracts with a Lend Lease-led consortium were signed last week and construction is due to begin this year.

Leasehold


Definition:

  • (a.) Held by lease.
  • (n.) A tenure by lease; specifically, land held as personalty under a lease for years.

Example Sentences:

  • (1) But the company is facing a loss of business as leaseholders seek to recover service charges or replace it as manager at LVTs.
  • (2) If students are renting out a leasehold flat, they don’t care how much noise they make.
  • (3) Two refused to make any payment to secure business, one claiming such an arrangement would "contravene the rules and be unfair to leaseholders".
  • (4) The slums will be easier to shift out than the formal leaseholders, according to sources on the panel.
  • (5) There have long been calls for an overhaul, or at least regulation, of the leasehold sector.
  • (6) His first step was to bring the residents together so he could bring a leasehold valuation tribunal (LVT) case against the freeholder and property manager.
  • (7) My proudest achievement since the 2001 general election: New legislation which protects leaseholders from being dictated to over which insurance company they use.
  • (8) It is better that it will now be covering the whole of the leasehold sector."
  • (9) This is where you and the other leaseholders take over the management responsibilities – organising repairs, gardening and maintenance, but not collecting the rent – from the landlord or management company.
  • (10) Leaseholds started in the 1850s had five or 10 years left to run, the property was unsellable, no one would repair it.
  • (11) Outright sales have been ruled out because the returns for the Greek state wouldn’t be higher than a leasehold arrangement, he said.
  • (12) At an LVT, leaseholders have a choice – they can dispute individual service charges and assessments, ask the tribunal to appoint a different manager, or try to take over the management of their block themselves using the "right-to-manage" process.
  • (13) John James, the managing director of Soho Estates faced the loud-hailer wielding women outside the firm's offices, assuring them that he "had no problem with this type of work" but had no choice but to inform the leaseholder of the flats that they could lose their lease if they were to allow "immoral activities", after Soho Estates was issued with an enforcement notice by police.
  • (14) It also left £65m of cash in the business, later increased to £74m, as well as about £100m of freehold and long leaseholds.
  • (15) In the coming months, a tribunal will hear a £2.6m claim for overcharging alleged by more than 300 leaseholders at the striking St George Wharf development on the river Thames.
  • (16) Another option is for leaseholders collectively to exercise their "right to manage".
  • (17) An alternative option for leaseholders who think they are being overcharged is to take their case to the Leasehold Valuation Tribunal (LVT), which adjudicates on whether service charges, including insurance costs, are "reasonably incurred".
  • (18) First-timer buyers desperate to scramble on to the property ladder should be wary of leasehold flats, as this form of "ownership" is no more than an extended rental that might seem cheaper, but can cost you dear in the end, experts warn.
  • (19) "That's our biggest challenge – maintaining standards while making it seem as though nothing has changed," said John Singer, the island's current leaseholder.
  • (20) "Ending the current sale process and looking for a leasehold solution will remove the uncertainty and allows us to help secure the future use of the stadium with more confidence."

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