A form of land tenure whereby a person has rights over a piece of land or property for a specific period, is called Leasehold. Most residential leases have long terms, and those with leases of over 21 years can legally buy out the freehold or extend the lease under the provisions of the Leasehold Reform, Housing and Urban Development Act 1993.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

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