Divorce Dex.com: Leasehold Estate

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Definition Leasehold Estate - the right to use and occupy real estate for a stated term and under certain conditions, conveyed by a lease.

Application in Divorce Historically, leasehold estates are classified as a type of chattel. A leasehold estate is a tenant/lessee’s estate in land, and it is a species of personalty. The leasehold estate may have a leasehold value, which is the value of the leasehold interest, when the rental for similar space is greater than rent paid under the lease.

The four types of leasehold estates are estate for years, periodic tenancy, tenancy at will, and tenancy at sufferance.

The value of a leasehold estate may be a factor in the calculation of the value of the marital estate.

See also Personalty.

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