Leasehold definition: Real property held under a lease. Real property held under a lease. Find you are constantly looking up definitions? Try our search provider (works in most modern browsers) ...
Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. As lease is a legal estate, leasehold estate can be bought and sold on the open market.
Leasehold (n) Leasehold is the property which was held by a person by virtue of a lease agreement between him and the owner, ...
Leased Fee Estate: An ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others: usually consists of the right to receive rent and the right to repossession at the termination of the lease.
Toxic Release Inventory: A database of annual toxic releases from certain manufacturers.
LEASED PROPERTY - Property that is owned by a lessor or landlord and rented to a lessee or tenant who receives rights of use and possession in accordance with the terms of a lease agreement.
Lease: A contract between a property owner and a person where the property is rented. Leasehold: Real property held under a lease.
lease option - A contract between a lesser and lessee in which the lessee is able to purchase the property after the lease expires for a predetermined price.
leasehold n. the real estate which is the subject of a lease (a written rental agreement for an extended period of time).
Lease A special kind of contract between a property owner and a person wanting temporary enjoyment and use of the property, in exchange for rent paid to the property owner.
lease purchase (lease option) assists low to moderate income homebuyers in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional ...
lease: An agreement for renting real property, including residential property, like a house or an apartment. A lease is usually in writing and it covers a specific amount of time, such as 1 year.
Lease option A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, ...
Leasehold Real property held under a lease. Legal custody A child custody decision which entails the right to make, or participate in, ...
lease A document of agreement between a landlord and a tenant, for rental of premises. legally binding ...
Release: 1. To give up a right or claim; to relinquish. 2. A discharge from duty or obligation.
Release An instrument releasing property from the lien of the mortgage, judgment, etc. Recision of Contract Annulling a contract and placing the parties to it in a positionas if there had not been a contract.
Release A written document evidencing the satisfaction of a debt; the giving up of some right, claim or interest. Relevancy The test applied to the quality of evidence to determine whether it is competent to prove a fact in issue.
Release on own recognizance (ROR) Release of a prisoner by a judge with no bond requirement.
Release - Discharge from confinement or custody. Release On Own Recognizance - Release of a person from custody without the payment of any bail or posting of bond, upon the promise to return to court.
RELEASE. Releases are of two kinds. 1. Such as give up, discharge, or abandon a right of action. 2. Such as convey a man's interest or right to another, who has possession of it, or some estate in the same. Touch. 320; Litt. sec. 444; Nels. Ab. h.
Post Release Supervision - similar to parole and for people sentenced under the Structured Sentencing Act. Preliminary Hearings - held to determine if there is sufficient evidence to hold a trial.
WORK RELEASE - A probation program (alternative to jail sentence) that is available in some jurisdictions wherein the defendant is permitted to maintain employment while residing in jail when not at work.
Term: Release Definition: A written document evidencing the satisfaction of a debt; the giving up of some right, claim or interest.
lease 1) n. a written agreement in which the owner of property (either real estate or some object like an automobile) allows use of the property for a specified period of time (term) for specific periodic payments (rent), ...
lease An oral or written agreement (a contract) between two people concerning the use by one of the property of the other. A person can lease real estate (such as an apartment or business property) or personal property (such as a car or a boat).
Leasehold mortgage Definition : a mortgage under which a leasehold interest in property secures a loan or obligation Search Legal Dictionary ...
Leases Over the centuries, leases have served many purposes and the nature of legal regulation has varied according to those purposes and the social and economic conditions of the times.
Lease A contract conveying from one entity to another the use of real or personal property for a designated period of time in return for payment or other consideration. Lease Purchase Agreement ...
UNDERLEASE, contracts. An alienation by a tenant of a part of his lease, reserving to himself a reversion; it differs from an assignment, which is a transfer... more ...
Under a lease or tenancy agreement, the party who is given by the landlord the right to occupy the property on an exclusive basis in return for rent. The term will include a new tenant who takes an assignment of the new tenant's interest in the lease.
Pre-trial release (PTR) - Release by sheriff's personnel after arrest and before any court appearance, setting a court appearance date. Precedent - A previously decided case that guides the decision of future cases.
Provision in a lease agreement that releases the tenant from paying rent if an act of God makes occupancy impossible or otherwise precludes the property from being used. See also Abatement ...
Free Medical Release Form Child Custody Laws Single Parent Statistics Temporary Guardianship Parenting Plan Worksheets ...
Parole: Release from incarceration after serving part of a sentence. Parties: The people or legal entities that are named as plaintiff(s) and defendant(s) on legal papers.
conditional release - A release from custody which imposes regulations on the activities and associations of the defendant. If a defendant fails to meet the conditions, the release is revoked.
BAIL- The release of a person from legal custody by a written agreement that he shall appear at the time and place designated and submit himself to the jurisdiction of the court and observe the requirements set forth in the recognizance.
DischargeA release from obligation when a legal duty has ended. In the criminal context, this is also used as an alternative sentencing option for an accused who has been found guilty.
ACQUITTAL: A release from an obligation when used in reference to contracts. In criminal law, a person is acquitted if the charge against him\her is dismissed either through a verdict of acquittal or by some formal and conclusive legal procedure.
Acquittal - A release, absolution, or discharge of an obligation or liability. In criminal law the finding of not guilty. Action Case- Cause, suit, or controversy disputed or contested before a court of justice.
Interests in real property vary widely from total ownership (called fee simple absolute) to leasehold interests in which ownership is not actually conveyed.
616: "Accord and satisfaction is the purchase of a release from an obligation arising under contract or tort by means of any valuable consideration, not being the actual performance of the obligation itself.
Landlord A land or building owner who has leased the land, the building or a part of the land or building, to another person.
He says that some of the public land which was in a good state of cultivation was let on lease; ...
A freehold property is not a chattel, but a leasehold is. Cheque: Form of bill of exchange where the order to pay is given to a bank holding the payor's funds. Child: Person under 18.
Because they identified wealth with fixed material objects, the physiocrats considered rent not as the variable yield from the land but as a fixed value, which they called "current price of leases" and "disposable revenue.
To procure release of one charged with an offense by insuring his future attendance in court and compelling him to remain with jurisdiction of court. n.
Original are: feoffment, gift, grant, lease, exchange, partition. Derivative are: release, confirmation, surrender, assignment, defeasance- each of which pre-supposes some other conveyance precedent. 2 Bl. Com. 309, 324.
For example, one person might assume another's car lease, residential lease, or debt. 2) In bankruptcy, for the bankruptcy trustee to take over an unexpired lease or executory contract.
landlorda person who owns real property and rents or leases it to another, called a "tenant." See also: lease lessee lessor rent tenant; Landlord is also called a 'lessor' of rental property.
Bail - Cash or other security placed on deposit with the Court to obtain the release of an arrested or imprisoned person and to guarantee his reappearance before the Court on a specific day.
PROBATION: The release into the community of a defendant who has been found guilty of a crime, typically under certain conditions, such as paying a fine, doing community service or attending a drug treatment program.
The contract for this type of legal arrangement is called a lease. The word "tenant" originated under the feudal system, referring to land "owners" who held their land on tenure granted by a lord. Tenants in common Similar to joints tenants.
An early release from incarceration in which the prisoner promises to heed certain conditions (usually set by a parole board) and under the supervision of a parole officer.
Assignment: The release by an AFDC recipient of all rights to support arrearages owed the recipient and of the right to receive current child support as the result of the receipt of AFDC.
Lessee: A person or entity who receives the use and possession of leased property (e.g., real estate or equipment) from a lessor in exchange for a payment of funds. The person to whom a lease is made.
personal recognizance Pretrial release of a criminal defendant without bail; the defendant is said to be released on personal recognizance. personal representative (PR) In probate, a general term referring to an executor or administrator.
Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his appearance on the day and time appointed. Barrister ...
Burning, or rapid oxidation, accompanied by release of energy in the form of heat and light. A basic cause of air pollution. 2.
PAROLE: A system for the supervised release of prisoners before their terms are over. Congress has abolished parole for people convicted of federal crimes, but most states still offer parole.
See also: Law, Person, State, Term, Right
 
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