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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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They still live together and as Prince Andrew has his own long lease on Royal Lodge, they'll carry on there as before.

From BBC Oct. 17, 2025

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

With what little money he had left, he purchased a long lease on a 100-acre volcanic island – Restoration Island – just off the remote Cape York peninsula in northern Australia.

From The Guardian Apr. 23, 2013

Their hotel, Rue St. Dominique, was hired on a long lease, and fitted up as a permanent abode.

From The Catholic World; Volume I, Issues 1-6 A Monthly Eclectic Magazine by Rameur, E.

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