Definitions for "LEASEHOLD MORTGAGE"
a mortgage executed by a tenant which affects solely the tenant's interest in a leasehold estate
A loan secured against a tenant's interest in a property.
Mortgage loan secured by the tenant's leasehold interest in a property.
A mortgage on a property that is on land that is leased as opposed to freehold.
A MORTGAGE GIVEN BY A LESSEE ON THE SECURITY OF HIS LEASEHOLD INTEREST IN THE LAND.
A mortgage loan on a home where the building is on leased (rented) land. The lender takes an interest in the lease.