What do these new leases mean? Leasehold vs freehold explained
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What is the difference between freehold and leasehold? Freehold is typical for most homes. It means that the homeowner owns the land that the property sits on. There will be a title with the land registry that confirms the boundaries and the freehold title. A leasehold property typically is sitting above the land owned by a freeholder, so you don’t own the land. There are things you need to consider for leasehold premises, including the lease term & associated costs. Speak to one of our experts
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