Housing tenure

Housing tenure legal relationship which someone has the right to live somewhere. Common housing tenures include

• Tenancy- A tenant rents or leases from a landlord

• Leasehold- Where the land the house sits on is rented and subject to a regular ground rent.

• Condominium - An ownership structure in which the homeowners just own the interiors of their units, and not the land or the outer building structure.

• Freehold or fee simple - Where the property owner doesn't have to answer to or pay anyone but the utility company, government and if on a mortgage the bank.