| Freehold | Freehold ownership is the ownership usually applicable to houses. |
| Leasehold | Ownership of property for a fixed period in return for a rental payment and subject to terms and conditions for occupation. This is usually applicable to flats where the ownership is only for a specified period, e.g. 99 years, 125 years, 999 years. |
| Commonhold | A rare way of owning Freehold land, intended to overcome difficulties associated with Leasehold ownership e.g. relating to shared facilities and obligations. Creating a Commonhold initially involves registration of the Freehold title as Commonhold, together with the formation of a Commonhold Association and a Commonhold Community Statement, setting out the rights and obligations of the unit holders. |
