Leaseholder

A leaseholder is an individual or entity that holds a lease agreement, granting them the right to occupy and use a property (land, building, or other asset) for a specified period in exchange for periodic payments (rent). They do not own the property but have specific rights and responsibilities as defined in the lease. These responsibilities often include adhering to the lease terms, paying rent on time, and maintaining the property within the agreed-upon standards. Leaseholders' rights typically include the right to quiet enjoyment and use of the property as defined in the lease agreement, such as commercial or residential use.

Leaseholder meaning with examples

• The new apartment building attracted many prospective leaseholders. The building manager spent hours answering questions about parking, amenities, and the length of lease terms. Potential leaseholders must undergo credit and background checks to make sure they meet the landlords criteria before gaining access to the property. Most of the potential leaseholders signed lease contracts right away.
• Following the financial downturn, many commercial leaseholders struggled to meet their rental obligations. The building owner, a real estate investment trust (REIT), worked with several leaseholders to establish payment plans and adjust lease terms to avoid business closures and vacancies. These adjustments were crucial to maintain the property's income stream and prevent prolonged periods of unoccupied space for leaseholders.
• As a diligent leaseholder, Sarah carefully reviewed her lease agreement before signing, clarifying terms regarding utilities, maintenance responsibilities, and potential rent increases. She understood her obligations to the property and what she could expect as a tenant. Sarah always adhered to the property’s regulations. This proactive approach helped ensure a positive landlord-tenant relationship for Sarah and other leaseholders.
• The city government offered incentives to attract new leaseholders to revitalize the downtown area. These incentives included tax breaks and reduced rental rates for the first year of the lease. The city actively marketed vacant commercial spaces and created a welcoming environment, aiming to bring both residential and commercial leaseholders to fill the space. The program resulted in significant economic benefits to existing leaseholders.

Leaseholder Synonyms

holder of a lease, lessee, occupant, renter, tenant

Leaseholder Antonyms

freeholder, landlord, lessor, owner

Leaseholder Crossword Answers

6 Letters

LESSEE, RENTER, TENANT