Verkkoif you own a leasehold property, you do not own the land it stands on. If the property is a flat, usually you do not own the shared parts (like the hallway and stairs) or the. Verkkopublished 4 september 2020. A long leasehold contract (also known as a lease) allows a leaseholder (also known as the lessee or tenant) the exclusive possession. Verkkopresent property law in england and wales effectively requires that flats be leasehold, although some leasehold flats are now sold with a share of the freehold, through.
