 Hello! In this lecture, we will define lease hold. According to fundamental accounting principles, while the 22nd edition, the definition of lease hold is, write the lease or grants to the leaseee under the terms of a lease. So when we're thinking about the lease hold, we're thinking about those lease terms, the lease being involving a piece of property, two people involved, at least two parties involved, one being the lease or the owner of the property who is granting use to that property, one being the leaseee, the one that is using the property but does not have ultimate ownership, meaning the property will revert back to the owner of the lease or at the end of the lease period. The idea of the lease hold are the actual rights the lease or grants to the leaseee under the terms of the lease, which generally will include the use of the property in the lease. So if we have this piece of property, the lease hold is going to be the granting from the lease or to the leaseee of the use of this property for a certain time period in exchange for rent for that time period. So as that time period passes, then we're going to have the rent that will be accumulating going from the leaseee to the lease or at the end of the term of the lease, then the property will revert back from the leaseee to the lease or.