TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

leasehold interest [2 records]

Record 1 2013-03-13

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
  • Real Estate
OBS

[Leasehold interest] generally referred to as a term of years, arises where land has been demised, i.e. leased, to a man for a definite number of years. It thus lacks the requirement of an uncertain duration, and though the period for which it is to last may be very great, as for instance 999 years, yet it is not a freehold estate, and in the eye of the law is a smaller interest than a life estate. (Cheshire's 12th ed., 1972, p. 38)

OBS

A freehold estate (a fee simple or a life estate) is an interest in land for an uncertain duration. All other interests are less than freehold, and include leasehold interests, such as an estate for years or an estate at will. Not all interests in land are estates. (Reilly, 2nd ed., 1982, p. 167)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
  • Immobilier
OBS

intérêt à bail : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 2002-01-04

English

Subject field(s)
  • Property Law (common law)
  • Finance
  • Real Estate

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
  • Finances
  • Immobilier
CONT

[...] La cour a jugé que la tenure à bail à évaluer était une tenure à bail de 99 ans sur des terrains faisant partie de la réserve et que la «valeur courante du terrain» devait être considérée comme représentant la valeur hypothétique du terrain détenu en fief simple, réduite de 50 pour 100 pour tenir compte du droit de tenure à bail à long terme et du fait qu'il s'agissait d'une terre située dans une réserve.

Spanish

Save record 2

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