Lease / Leasehold

The opposite of a fee simple ownership, meaning the leasee only possesses temporary rights to the property.

A right-to-use ownership that is designed to expire at a certain date can be described as a leasehold.

There are pros and cons to owning a right to use ownership (leasehold), or a fee simple timeshare (deeded). When owning a fee simple ownership, you could feel locked down by the fact that for the rest of your life you’ll have to pay on the ownership, but you’ll also be able to enjoy the ownership for much longer. You can even leave the ownership to your children, rather than losing your initial investment after your allotted time is up.

Related Terms: