Outrageously Funny Word Dictionary :: Bootholder

👉 The term "bootholder" is a legal term in the United States, which refers to someone who has purchased property and then leases it back to the original owner at a later date. This means that the original owner has already paid for the property and will not be responsible for any future repairs or maintenance of the property. Bootholders typically lease their properties to another person or entity in exchange for a fixed monthly rent, which is usually based on the market value of the property at that time

bootholder