A leasehold is:

Question

A leasehold is:

Quizplus · Accepted Answer

A leasehold refers to the rights and privileges granted by a landlord or lessor to a lessee or tenant under a lease agreement. It essentially gives the tenant the right to use and occupy the leased property, subject to the terms and conditions specified in the lease agreement. It is not the same as a patent (A), which is a form of intellectual property, nor is it recorded as revenue expenditure when paid (C). A leasehold may or may not be a short-term rental agreement, depending on the duration of the lease. It may also be considered an asset held as an investment (E) if the lessee has the right to sublease or assign the leasehold, or if it has residual value at the end of the lease term.

A Leasehold Is