Lease Hold
Definition: Limited-duration title held under a lease from the state or another owner.
In depth
Lease Hold is a time-limited title under a lease, typically 30, 60, 90, or 99 years. Industrial land allotted by IDCO, GRIDCO township land, and certain state-allotted residential plots in Bhubaneswar are held on Lease Hold. The Title Verification report flags any Lease Hold tenure with the remaining lease term and renewal terms.