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What is a leasehold business?
Answer
A leasehold business is the one in which it has been contracted to someone else for over a certain period of time. The original owner has his/her rights over the business but during the lease period he/she is not concerned with the operations of the business. For example he/she will not share the profits or losses incurred.
1 Additional Answer
Leasehold business is the type of business which is rented from the landlord and they pay monthly rent. most of the time the lease is for over 21 years or at times less. The tenant is usually protected by the landlord & tenant act regarding its renewal.
Q&A Related to "What is a leasehold business"
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There are two basic types of business ownership: freehold and leasehold. With a freehold business you purchase the business, premises, fixtures and fittings, and the goodwill and
http://www.ehow.com/facts_7776132_buy-leasehold-bu...
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Leasehold improvements and construction costs are almost the same. Many times leasehold improvements are improvements you make to a location that if you were ever to leave the site
http://answers.yahoo.com/question/index?qid=200703...
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In effect, if you purchase the Freehold Fixtures & Fittings and Goodwill you will own the property as well as the business. If you purchase Leasehold you will own the business
http://www.querycat.com/question/1df0c96a3feaa6d0a...
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We recommend speaking to an agent for advice on how best to sell your small leasehold business. Private sale is possible.
http://www.kgbanswers.co.uk/what-is-the-best-way-t...
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