A possessory right to live in a building or flat but not owning the land upon which it sits. Common for apartments. Leases are usually for 99 or 999 years.
Leasehold
Example Sentences
"The flat is leasehold."
"Check if it's leasehold or freehold."
Etymology & History
British slang term that developed through the natural evolution of informal speech. Like many British colloquialisms, it likely began in a specific regional or social context before spreading to broader usage.
Word Details
๐
Region
General British
๐
Era
Modern
โ
Language
Mild
๐ฌ
Formality
Slang
Categories:
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Anglotopia's Dictionary of British English 2nd Edition
British Slang from A to Zed
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