Tenure

This term describes the main types of property ownership – the most common is freehold (q.v.) but flats, apartments (and occasionally houses) will usually be leasehold (q.v.). The Government has more recently introduced commonhold (q.v.) although this will only apply to new property. Shorthold (q.v.) is a further form of secondary tenure which may be offered by a landlord who can have a freehold or leasehold interest in the property. The tenant pays a market rent during the pre-agreed period of the shorthold.