If you buy' Leasehold', you only own the property itself for an agreed period of time - not the land on which it is built. An example of this might be a 99-year-lease on a flat where you pay an annual rent (called the "ground rent") to the owner of the freehold of the building which contains your flat. At the end of the 99 years the property reverts to the "freeholder" of the building. The value of your flat will decrease as the lease gets shorter.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). leasehold. Retrieved September 25, 2026, from http://smartdefine.org/leasehold/definitions/1156997 |
| Chicago | Barry Goldsmith. 2010. "leasehold" http://smartdefine.org/leasehold/definitions/1156997 (accessed September 25, 2026). |
| Harvard | Barry Goldsmith 2010, leasehold, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/leasehold/definitions/1156997>. |
| MLA | Barry Goldsmith. "leasehold" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/leasehold/definitions/1156997> |