Leaseholders (those who live in a leasehold property) are allowed to live in a property for as long as the lease lasts (the lease length). During this time they pay an annual or bi-annual rent to the freeholder for the 'ground on which the building is' - hence ground rent.
See The Property Buying Process in Theory for a detailed explanation
I'm Tim Hill, Author of How to Really Buy a Property. I'm a property buyer, seller, landlord, tenant and I've been an agent in hundreds of transactions. I own a property portfolio across Europe but that doesn't mean I think you should to!
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