long lease

British  

noun

1. (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

---

Example Sentences

In exchange for the land on a long lease from the council, it delivers what it calls social value: affordable homes for rent to members of the community.

From BBC • Feb. 12, 2023

The biggest difference is the time frame: Rather than being tied to a years’ long lease, subscriptions give you the ability to “own” a car on a month-to-month basis.

From Slate • Dec. 2, 2017

He can make such flat rejections because, even though he doesn’t own his building, he holds an extremely long lease.

From Washington Times • Mar. 12, 2017

This is Prior's fourth incarnation as England's one-day wicketkeeper-batsman and this time, like his mentor Alec Stewart, he intends to take out a long lease on the role.

From The Guardian • Jan. 20, 2011

The country people had long wished to be rid of him but he had a long lease of his house and he meant to stay there.

From Silver Links by Various