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This information is kindly supplied by ARMA: Almost all ‘owned’ flats in England and Wales are leasehold, as are many houses. Understanding what it means to own a residential long leasehold property can be unclear. Your Guide to Leasehold Who is Who in a Block of Leasehold Flats? What is a Lease? The Money – Service Charges and Ground Rent in Leasehold Homes Your Leasehold Home – Making a Complaint Common Misconceptions About Leasehold