What does lease hold mean in a condo situation?

there is a service fee for the development and what used to be called ground rent for actually living on the property which still belongs to the freeholder so it's $389000 plus $1116 per month which of course is a rip off , leasehold reform has been before congress for decades but they haven't done much about it I wonder why? surely the property developers are not "lobbying" congress at current interest rates with a mortgage over ten years the condo would cost a minimum of $785000 and probably a lot more after inflation