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leasehold
/ ˈːˌəʊ /
noun
land or property held under a lease
the tenure by which such property is held
(modifier) held under a lease
Word History and Origins
Origin of leasehold1
Example Sentences
But consumer groups warn that the changes will not help those in rented or leasehold properties and the biggest barrier to installing a heat pump remains the high upfront costs.
"I used to have a leasehold flat and when I sold it, all the money was our money, because it was our property and I don't think there should be a difference," he said.
The UK Labour government also recently announced it would put an outright ban on new leaseholds.
Proposals to change the law would ban the sale of new leasehold flats.
It is estimated there are 1.3 million leasehold flats in low-rise blocks, under 11m high in England, according to the End Our Cladding Scandal campaign.
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