Ianal....

[Nate]

I don't know what a leasehold property is I'm pre-fubar'd.

 

[Lazarus]

only advice would be to bite the bullet and pay - it gets you out of there and that amount will probably go up in the years to come.

 

[Kryten]

Very roughly, in laymans terms (a very thick layman), leasehold is where you buy the house for a certain number of years. Normal leases were nearly always 99 years - after this time, it's no longer yours.
I suspect that timespan has probably changed now, however I'm no longer in the property game :|

 

[nath]

It's about the land I believe, you own the house, but the land it's built on is leased. Freehold is when you own the house and the land.

That said - I could be, and probably am, wrong.

 

[MYstIC G]

You don't own squat, you lease it.