👉 In the context of real estate and property law, "leaseholders" refers to individuals who have a right to occupy a residential or commercial property. These individuals are typically tenants in a rental agreement, which allows them to live in the property as long as they pay rent each month. Leaseholders may also refer to leaseholders who own the property outright or who are responsible for paying maintenance and repairs on the property, such as painting the exterior walls, fixing leaks, or replacing broken fixtures. Some
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What is the definition of Leaseholder? 🙋
👉 In real estate, a leaseholder is a person who occupies or rents a property under a lease agreement. They are responsible for paying rent and maintaining the property in accordance with the terms of the lease. Leaseholders typically include tenants or landlords, as well as other parties such as mortgagees (the lender) and guarantors (the borrower). Leaseholders may be able to terminate their leases at any time by giving notice to the landlord.
