Comment by lastdong

The modern UK leasehold system is, in many ways, rooted in the feudal landholding arrangements. In the UK, when buying a house, the buyer sometimes leases the land rather than owning it outright, and must pay ground rent to the landlord. A lease is usually bought for 80 years or more, but occasionally properties are sold with only a few years remaining. If the lease is not renewed, the homeowner risks losing the property to the landlord. The right to renew is not a given and comes with premium costs. Over the years, there have been numerous attempts to restrict or abolish this system but it continues to persist.