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F T Jones and Sons , solicitors
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A lease is a grant of property to a tenant for a specified period, usually a term of years, by the lessor to the lessee. Types of lease include life lease: lease for the life of the tenant; three-life lease: lease until the deaths have occurred of three named people (with an upper limit of 99 years); 'perpetual' lease: intended to continue indefinitely, granted for a very long period, e.g. 1,000 years; building lease: lease, generally for 99 years, including an agreement for the tenant to build a house.
From the British Records Association "Guidelines 3 - Interpreting Deeds: How To Interpret Deeds - A Simple Guide And Glossary".