A leasehold is another term used to describe a long-term lease or rental. Property ownership returns to the original owner at the end of the term.Know More
A leasehold is a real estate term that is used to describe a piece of property that is rented via an agreement for a long period of time. It most often applies in situations where the renting party is building something new or making improvements to an existing structure on land that is owned by the renter. The period of the rental agreement or lease may be for as many as 99 years.
The term often applies in development situations where a corporation signs a leasehold to build a commercial structure. Most buildings in these situations are obsolete by the end of the leasehold, but as the end of the lease approaches, the corporation typically has three choices:
There are also leasehold arrangements for residential properties, which can be expensive. Leasehold arrangements are popular in various European communities and in a few U.S. locations, like Hawaii. In the case of a residential leasehold, the lessee purchases the property for a certain period of time and is able to make any improvements he or she sees fit. At the end of the period, the entire property, including any improvements or additions, reverts to the original owner.Learn more about Real Estate
Pitch circle diameter is a term used to describe the centerline diameter of a circular bolt spacing, the diameter of theoretical friction discs that would transmit the same velocity ratio as two meshing gears, or the diameter at which the thread tooth equals the thread spacing for screw threads. Context should be used to determine whether the term is being used to describe bolt spacing, gears or threads.Full Answer >
Atmosphere is a term used in literature to describe the mood of a piece of writing, which is usually created by how the author describes the setting and background, as well as the characters and events within the story. The author creates his or her atmosphere in order to give the reader subconscious impressions about the narrative.Full Answer >
Heterogeneous mixture is a term used in chemistry to describe a mixture of substances that are not uniformly distributed. In a heterogeneous mixture, the various components can be easily picked out from one another.Full Answer >
Escape conditioning is the term used to describe a subject's or animal's avoidance of stimuli, usually as a result of negative experiences, which leads to the behavior. If a person had a bad experience while swimming in the ocean, for example, leaving or avoiding any situation that involved going into the ocean again is a form of escape conditioning.Full Answer >