General Real Estate
Leasehold Property
A property held under a lease for a specified period rather than through absolute freehold ownership.
Applies in:Noida, Greater Noida, YEIDA
Detailed Explanation
A leasehold property is held by a lessee for a specified lease period under the terms of a lease agreement or lease deed. In many authority allotment systems in the Noida corridor, plots are allotted on a long-term leasehold basis.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.