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I read Bruce’s comment as a fixed period of property rights applying to leasehold whereas freehold is ownership until all propert rights are stripped at the next revolution.
Ramsaye-
That, yes. 99 or 150 years being typical.
Rental = no property rights but usage rights and the rent is all you pay. Comparitavely short term.
Leasehold, for most urban dwellers at least, means you typically pay at a similarly large scale as if getting freehold rights and get significantly better rights with regard to the property than a renter only a) fixed term, b) built-in depreciation because of the fixed term and c) the bastard who owns the freehold has rather poorly regulated rights to stiff you with ground rent, services charges etc.
itsbruce
What the fixed period for the title to freehold land then?
As for leaseholds, a lease can either be a fixed term tenancy (technically 'a term of years') or it can be a periodic tenancy which automatically renews until terminated by a notice to quit, so a leasehold interest doesn't necessarily have a fixed period either, including a statutory periodic tenancy which comes into existence on the expiry of an assured tenancy.
So, what's this fixed period?