Leasehold basis definition

Leasehold basis means the right to hold or use property for a fixed period of time at a given price, without transfer of ownership, on the basis of a lease contract, as indicated in section 10 of this rule;
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Leasehold basis means the right to hold or use property for a fixed period of timeat a given price, without transfer of ownership, on the basis of a lease contract, asindicated in section 10 of this rule;
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Examples of Leasehold basis in a sentence

  • Any person, sole trader, partnership or company who is registered with the Premier Guarantee for New Homes and has registered the New Development and • with whom the Policyholder has entered into an agreement or contract to purchase the Housing Unit on either a Freehold or Leasehold basis.

  • AND WHEREAS in accordance with such decision of the Government of West Bengal, the said WBHIDCO agreed to allot the said Subject Land described in the SCHEDULE -A hereunder ad- measuring 7.44 acres at ▇▇, ▇.▇ ▇▇▇▇ Road, Kolkata - 700053 on Leasehold basis for 99 years (ninety-nine years) for “Residential Purpose” under principal use “Residential" at a lease premium mentioned therein subject to fulfilment of the terms and conditions as spelt out in the offer of allotment letter being no.

  • Developer Any person, sole trader, partnership, company, or special purpose vehicle with whom the Policyholder has entered into an agreement or contract to purchase the Residential Property on either a Freehold or Leasehold basis; or Any person, sole trader, partnership, company, or special purpose vehicle who constructs the Residential Property and with whom the Policyholder has entered into an agreement or contract to purchase the Residential Property on either a Freehold or Leasehold basis.

  • The property is offered For Sale on a Long Leasehold basis, with a new 125 year lease and ground rent of £250.00 per annum.