People in Land Law

                                         Name of document






                                            FREEHOLDER


                                              can be



                                             LANDLORD




                                            TITLE DEED


- owns the land

- can repossess the land

- charges rent




                                            LEASEHOLDER

                                             or LESSEE


                                           (is a TENANT)


                                              can be


                                             LANDLORD




                                               LEASE


- doesn´t own the land

- pays rent to a landlord

- usually buys as long a lease as possible (e.g. 99 years)

- can charge rent as a landlord



                                             LICENSEE


                                           (is a TENANT)




                                              LICENSE


- shorter and less secure terms than a leaseholder

- pays rent to a landlord (usually every week or month)

- if he fails to pay the rent, the landlord may be able to repossess the property more easily than
from a leaseholder