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Waller, Neale and Houlston , solicitors
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Leasehold land is held by a lessee (the party leasing land from the owner) by lease (a grant of property to a tenant for a specified period, usually a term of years) from the owner. Leasehold land is not conveyed, it is assigned. Assignment is the transfer of a right, usually a lease, or a mortgage.
From the British Records Association "Guidelines 3 - Interpreting Deeds: How To Interpret Deeds - A Simple Guide And Glossary".