Leasehold
Gridlync land and infrastructure glossary.
A leasehold is the interest a tenant holds in property under a lease, the right to use and occupy the land for the lease term. It is distinct from the freehold (ownership) interest held by the lessor. The leasehold can often be sold, mortgaged, or subleased, subject to the lease terms, and it ends when the term expires or the lease is terminated. Lenders financing a project frequently take a security interest in the leasehold itself.
Operators manage large books of leasehold interests across many landowners. Gridlync is the single source of truth for those interests and their obligations.
Example
Solaris Power holds a leasehold interest in 500 acres owned by the Abbott family for a 35-year solar farm. When Solaris refinances, its lender takes a leasehold mortgage over that interest rather than over the Abbotts’ underlying ownership.