Which part of leasehold MBT did not understand?
Leasehold is a form of property tenure where
one party buys the right to occupy land or a building for a
given length of time. As lease is a legal estate, leasehold
estate can be bought and sold on the open market. A
leasehold thus differs from a freehold where the ownership of a
property is purchased outright and thereafter held for an
indeterminate length of time, and also differs from a tenancy where
a property is let (rented) on a periodic basis such as weekly or
monthly.
Until the end of the lease period (often measured in decades or
centuries; a 999 year lease is quite common) the leaseholder has
the right to remain in occupation as an assured tenant paying an
agreed rent to the owner. Terms of the agreement are contained in a
lease, which has elements of contract
and property law intertwined.
He already said no debate or discussion on this.
But I see him and his housing policies being reported over and
over again in the newspapers every few days just to try justify
what he had done to create the huge property bubble it is today.
