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