Freehold Verses Leasehold
Lease Hold, Leisure and Property | (0)
In the real estate business, freehold and leasehold are two important terms. As a buyer of a house, you need to have an idea of the difference between the two in order to get the best deals.
In simple terms, freehold and leasehold are two different types of estates. If you buy freehold property (land, building or others), you will be bale to live there for an indefinite period of time while in case of a leasehold property, you will only be able to live there for a specific period.
In case of the leasehold property you have to pay rent ...