• Jimbo@yiffit.net
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    7 months ago

    The only hope I ever have of owning property is my mum dying :(

    And even then, she currently owns the property, not the land, so there’s still land rent

      • SonnyVabitch@lemmy.world
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        7 months ago

        Leasehold is a type of property where you rent the land for a really long time (decades), and build your house on it. Every few years you extend the lease so it has no risk of running out. You don’t know how much the landlord will charge you, or indeed if they extend, although there are some legal protections for leaseholders.