leasehold
B2CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law noun
An estate in land held for a fixed term of years under a lease granted by the freeholder.
The flat is a leasehold with ninety-two years unexpired, so an extension will soon become prudent.
Business noun
Tenure of property under a lease for a fixed term of years, as opposed to outright freehold ownership.
The flat is sold as a leasehold with 92 years remaining, after which the interest reverts to the freeholder.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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