| Ground rent | The rent paid to a Landlord on a Leasehold property. |
| Landlord | The owner of the freehold interest of a leasehold property. Rent on a leasehold property is paid to the Landlord who has the right to enforce the terms in the Lease. |
| Lease | The document entered into between a Landlord and Tenant when a property is Leasehold. It sets outs details of the duration and the rent and contains various Covenants and Easements. |
| Management company | Most frequently associated with Leasehold properties. A management company is set up to deal with the day-to-day running of the property and repairs and maintenance. The management company collects a service charge from the property owners to pay for their services and for the upkeep of the building and/or some facilities. |
