This term describes the main types of property ownership – the most common
is freehold (q.v.) but flats, apartments (and occasionally
houses) will usually be leasehold (q.v.). The Government
has more recently introduced commonhold (q.v.) although
this will only apply to new property. Shorthold (q.v.)
is a further form of secondary tenure which may be offered by a landlord who can
have a freehold or leasehold interest in the property. The tenant pays a market
rent during the pre-agreed period of the shorthold.