long lease

Related to long lease: flat lease

long lease

n
(Law) (in England and Wales) a lease, originally for a period of over 21 years, on a whole house of low rent and ratable value, which is the occupants' only or main residence. The leaseholder is entitled to buy the freehold, claim an extension of 50 years, or become a statutory tenant
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in classic literature ?
My eldest uncle John had left me an estate in land, near Epping, of about thirty pounds a year; and I had a long lease of the Black Bull in Fetter-Lane, which yielded me as much more; so that I was not in any danger of leaving my family upon the parish.
'The dear little thing,' said Flora, 'having gone off perfectly limp and white and cold in my own house or at least papa's for though not a freehold still a long lease at a peppercorn on the morning when Arthur--foolish habit of our youthful days and Mr Clennam far more adapted to existing circumstances particularly addressing a stranger and that stranger a gentleman in an elevated station--communicated the glad tidings imparted by a person of name of Pancks emboldens me.'
The two men, thinking they were jesting at first, asked them to come in and sit down, and see what fine houses they were that they had built, and to tell them what rent they demanded; and one of them merrily said if they were the ground-landlords, he hoped if they built tenements upon their land, and made improvements, they would, according to the custom of landlords, grant a long lease: and desired they would get a scrivener to draw the writings.
Pretty soon they were renting the orchards on long leases. And now, they are beginning to buy the land.
A canalside activity centre which provides a range of activities to encourage people of all ages and abilities to enjoy the outdoors and in doing so, improve their health and appreciation of their local environment, has secured a new long lease which provides the charitable organisation with a positive future.
The land on long lease is 307 kanals and 6 marlas, vacant land is 536 kanals and 7 marlas whereas the area of illegally occupied land is 1,280 kanals and 1 marla.
The city council's cabinet approved the new long lease for the car park to facilitate the development on July 17.
UK-based real estate investor AEW UK Long Lease REIT plc (LSE: AEWL) has acquired Applegreen Petrol Filling Station, Crawley for GBP 3.82m (USD 5.33m), the company said.
M2 EQUITYBITES-February 27, 2018-AEW Long Lease REIT Buys South East Petrol Station for GBP 3.82m
Contracts for the North Shields indoor water park have been exchanged with London-based AEW UK Long Lease REIT plc, which has acquired the leasehold interest in the attraction.