What Does Leasehold Mean?

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What does Leasehold mean? Read on to discover the definition & meaning of the term Leasehold - to help you better understand the language used in insurance policies.

Leasehold

Leasehold

A leasehold is an asset, such as an apartment, that is owned by one party but held by another through a lease.

We hope the you have a better understanding of the meaning of Leasehold.

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