There are four ways that you can acquire property - Renting, Leasing, Buying or Conquering it.

Renting is the cheapest way to get your hands on a home or business - but you have to keep paying the rent each month, if you ever stop paying, you lose your property. The advantage is, that if you want to move to a bigger and better property, it's easy to do so. Better still, the rent is covered by your 'Cost of Living' payments. The amount of rent charged will depend on the size of the property, the size of the settlement, and the area that you rent in. Larger properties cost more, cities are more expensive than towns and some districts are in more demand than others.

You can rent land, a building, or just one room within a building.

Base rent will be calculated by counting the number of 5' squares in the property (over all floors) and multiplying that by the rate shown on the following table. However, prices will vary slightly. If a property is in demand, or desirable for some other reason, it will be more expensive - if it is in poor repair, it might be cheaper.

Copyhold applies to the land, rather than the building on it. For a fee, you get to 'hold' that land, for as long as you pay a small regular payment. The Monthly payment is significantly lower than renting - although that is offset, by the fee you pay for the Copy Hold in the first place.

Copyhold is a contract with the Ruling Lord, normally through his administration, to hold a piece of his land as your own. Importantly, the Copyhold is Heritable (you can pass the Copyhold to an heir when you die) and Saleable (You can sell the Copyhold land), however there is a small fee to transfer the contract, and the new owner must be approved by the administration. The tests are straightforward, especially when inheriting. There are always clauses saying that the contract will become void if the land is abandoned or the copyholder is convicted of serious crimes. For Misuse of the land the contract can be declared void, by the Ruling Lord - although some sort of compensation is generally given in return.

You are responsible for any building on the site. If there is a building there already, you must pay the cost of the building upfront. If it is bare land, you will be expected to construct any buildings that you need. Not using the land, will likely count as 'Misuse' and the Copyhold will be declared void.

Yep!