Essential Characteristics of a Lease

  • Margaret Wilkie
  • Godfrey Cole
Chapter
Part of the Macmillan Law Masters book series

Abstract

Most people who see particulars in an estate agent’s window offering for sale a desirable leasehold residence (often a flat) are aware that what is offered is something for a certain period, such as ‘the remainder of a ninety-nine-year lease’, and that this is less than a freehold, which connotes an unlimited and indefinite ownership. Few people would realise, however, that the basic distinction between the two derives from the historical development of land law.

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Copyright information

© Margaret Wilkie and Godfrey Cole 1997

Authors and Affiliations

  • Margaret Wilkie
    • 1
    • 2
  • Godfrey Cole
    • 3
  1. 1.University of SurreyUK
  2. 2.University of WestminsterUK
  3. 3.Independent Tribunal ServiceUK

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