Leasehold

Leasehold vs freehold: what’s the difference?

Updated September 2026England & Wales3 min read

The short answer

Freehold means you own the building and the land it stands on. Leasehold means you own the right to live in the property for a set number of years under a lease, while a freeholder owns the building. Most flats are leasehold.

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Questions this guide answers

  • What is leasehold?
  • What is freehold?
  • What is the difference?
  • What is a share of freehold?
  • What is ground rent?
  • What is service charge?
  • Can I sell a leasehold property?

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