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Head Lessor ? the landlord may grant a lease of the whole building to a party (company or individual) who then grants 'under leases' to the leaseholders of individual flats. In this scenario, the Head Lessor becomes the landlord of the individual flats.

A headlease is a lease granted out of the freehold and an underlease is one granted out of a headlease. There may be any number of underleases (sometimes described as sub-underleases, sub-sub-underleases and so on), but each underlease must expire before the one out of which it is granted.

A lessee is a person who rents land or property from a lessor. The lessee is also known as the ?tenant? and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.

A 'head leaseholder' will be the leaseholder with the longest lease, who has leased your flat to you and who pays ground rent to the freeholder.

A headlease is the primary lease that is signed between a tenant and a property manager. The tenant, or head lessee, is contractually responsible for the terms of the lease, and in most lease agreements, they have the ability to sublease the space if they so wish.

Landlord: Typically, this is the freeholder but there are situations where your immediate landlord is the 'head leaseholder', not the freeholder. A 'head leaseholder' will be the leaseholder with the longest lease, who has leased your flat to you and who pays ground rent to the freeholder.