Selling leasehold is a bit of a hassle considering the fact that lot of paper work is involved before the actual task. But before we get into the details regarding selling of leasehold, it is absolutely necessary that you know what leasehold is. The right which allows you to use or at least hold property for an agreed period of time for a fixed price is known as leasehold. The agreement is based on a contract and definitely acts as an asset.
You could sell leasehold by adopting two ways. The first way is auction. Of course auction is quite an unpredictable way. It moreover allows you no means of knowing what price the leasehold will get sold off for or even whether it will be sold at all.
The other option is that you independently find a genuinely interested investor. If he/she agrees to buy the leasehold after taking in all the details your problem is solved. All your tenants, however, must agree upon the change of ownership.
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