What do we mean by the phrase “long leasehold house”? In the English Legal System there are two main classes of property title, Freehold and Leasehold. As the owner of a freehold property you own the land and any buildings on them. In contrast as the owner of a leasehold property you will simply have a temporary right to occupy the property under the terms of a lease which has been granted out of a freehold title. A lease will endure for a specified period of time after expiry of which you then will have no interest in the property whatsoever. A long lease is a lease for a term of more than 21 years. Typically for residential property this will usually be for terms starting at 99 years.