the fourth and final requirement is

the fourth and final requirement is there must be no fine paid on the grant of the lease. I'll translate that, give you another possible couple of ways of looking at the same thing. Another word I could use as an alternative to fine would be premium. Upfront payment or purchase price. I don't mean deposit. Sometimes when you rent places your landlord asks for a month of six weeks rent as a deposit just in case you wreck the place, that's not what I'm talking about. If you go past an estate agent's window in any city, particularly in London, or look online, you'll see some particulars for, a picture of let's say a building, let's say a flat, it'll say leasehold interest and then it'll be a flat in London, it'll probably be upwards of £750,000 probably for your flat, that is your fine. That is a fine, a premium, a purchase price, an upfront payment. But there can't be one of those for there to be a parol lease.