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life leasehold

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  • life estate — ➔ estate * * * life estate UK US noun [C] LAW, PROPERTY ► the legal right to own and control a property, such as a building or piece of land, for the length of time that you are alive: »The life estate deed allows the older couple to own the… …   Financial and business terms

  • leasehold estate — England, Wales An estate in land which provides the holder of the estate with rights of possession and use of the land but not ownership. The freehold is retained by the freeholder who grants the lease (also referred to as a tenancy) as the… …   Law dictionary

  • Leasehold estate — Property law Part of t …   Wikipedia

  • Leasehold Improvement — Alterations made to rental premises in order to customize it for the specific needs of a tenant. Leasehold improvements include painting, installing partitions, changing the flooring, putting in customized light fixtures and so on. Leasehold… …   Investment dictionary

  • leasehold — Synonyms and related words: adverse possession, alodial, alodium, burgage, claim, colony, copyhold, de facto, de jure, dependency, derivative title, equitable estate, estate at sufferance, estate for life, estate for years, estate in expectancy,… …   Moby Thesaurus

  • Estate in land — An estate in land is an interest in real property that is or may become possessory.This should be distinguished from an estate as used in reference to an area of land, and estate as used to refer to property in general.In property law, the rights …   Wikipedia

  • freehold — free·hold / frē ˌhōld/ n [translation of Anglo French frank tenement freehold estate]: a tenure of real property the duration of which cannot be determined and by which an estate in fee simple or fee tail or for life is held; also: an estate held …   Law dictionary

  • Australia — /aw strayl yeuh/, n. 1. a continent SE of Asia, between the Indian and the Pacific oceans. 18,438,824; 2,948,366 sq. mi. (7,636,270 sq. km). 2. Commonwealth of, a member of the Commonwealth of Nations, consisting of the federated states and… …   Universalium

  • Real property — In the common law, real property (or realty) refers to one of the two main classes of property, the other class being personal property ( personalty ). Real property generally encompasses land, land improvements resulting from human effort… …   Wikipedia

  • Accounting for leases in the United States — is regulated by the Financial Accounting Standards Board (FASB).Accounting for leases by the lesseeA lease is defined as a contractual agreement between a lessor and lessee that gives the lessee the right to use specific property, either owned by …   Wikipedia

  • estate — es‧tate [ɪˈsteɪt] noun [countable] 1. PROPERTY a large piece of land in the country, usually with one large house on it and one owner: • The estate consists of the main villa, several outbuildings and barns, a swimming pool, a farm house and an… …   Financial and business terms

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