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LSDefine

Simple English definitions for legal terms

leasehold interest

Read a random definition: uterque nostrum

A quick definition of leasehold interest:

A leasehold interest is when someone rents a property for a certain period of time. It's like borrowing a toy from a friend for a little while. The leaseholder has the right to use the property, but they don't own it. The leasehold interest is the value of the lease itself, which is calculated by subtracting the remaining rent from what it would cost to rent a similar property for the same amount of time.

A more thorough explanation:

A leasehold interest refers to the rights and obligations of a tenant or lessee under a lease agreement. It is the interest that a tenant has in a property for the duration of the lease.

For example, if a business owner leases a commercial space for 10 years, their leasehold interest is the right to use and occupy that space for the duration of the lease. They have certain obligations, such as paying rent and maintaining the property, but they also have certain rights, such as the right to exclusive use of the space.

In the context of eminent domain, leasehold interest refers to the value of the lease itself. If the government takes the property through eminent domain, the tenant may be entitled to compensation for the remaining value of their leasehold interest. This is calculated by subtracting the rent the tenant would pay for similar space for the same period from the total remaining rent under the lease.

leasehold improvements | leasehold mortgage

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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