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Leasehold ownership of a flat is simply a long tenancy, the right to occupation and use of the flat for a long period - the 'term' of the lease. This will usually be for 99 or 125 years and the flat can be bought and sold during that term.
Below are some useful articles on Leasehold Property…
Leasehold flats can be in purpose-built blocks, in converted houses or above commercial or retail premises
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