A leasehold is:
A)A short-term rental agreement.
B)The same as a patent.
C)The rights granted to the lessee by the lessor of a lease.
D)Recorded as revenue expenditure when paid.
E)An asset held as an investment.

Question

Quizplus · Accepted Answer

A leasehold refers to the rights granted to the lessee by the lessor of a lease. It is not a short-term rental agreement, it is not the same as a patent, it is not recorded as revenue expenditure when paid, and it is not necessarily held as an investment.

A Leasehold Is