LEASE-HOLD RIGHTS PROGRAM

Definition: A leasehold is an intangible asset

to a lessee that gives him or her certain rights

to use an assets or a property. These rights are

often referred to as leasehold rights or simply

leasehold. The lessor grants these rights to the

lessee when he or she signs a lease contract.

What Does Leasehold Mean?

Many individual can’t afford to buy a property or

an item or large pieces of equipment, so they

rent them. When an individual signs a rental

contract for a period of time, the contract is

considered to be a lease contract and the rent

payments are considered lease payments.