Freehold vs Leasehold Property: What Buyers Should Know
The difference between freehold and leasehold ownership and what to check for each.
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Two properties can look identical and still carry very different ownership rights.
Freehold
The owner holds the land and building outright, subject to local laws. Transfers are usually simpler.
Leasehold
The land is held on a long lease from an authority or owner. Check the remaining lease period, transfer conditions, and whether conversion to freehold is possible and at what cost.
What to verify
- The ownership type stated in the documents
- Any transfer fees or permissions required
- Restrictions on use or construction
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