A legal agreement with the landlord (sometimes known as the ‘freeholder’). This tells you how many years you’ll own the property. Ownership of the property returns to the landlord when the lease comes to an end. Most leases are for 999 years and have an annual ground rent of £14.00, payable by the property owner.


Leave means ‘permission’ when some steps in legal action require the permission of the court. For example a losing party may be granted leave to appeal.