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A freehold lease may refer to the lease of land that belongs to another person. Your question is confusing because a freehold estate is the right to the use and possession of land for an indefinite period and a leasehold estate is a lease of land that belongs to another.

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15y ago

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What is a freehold townhouse?

A freehold Townhouse is one in which you own the townhouse rather than lease it for a specified time. It can be passed on to future generations rather than reverting to the leaser upon your passing.


What does notional freehold mean?

Notional freehold refers to a concept in property ownership where a leasehold property is treated as if it were freehold for certain legal or financial considerations. This means that the owner has the rights and benefits similar to freehold ownership, despite the property being technically under a lease. It is often used in contexts like shared ownership schemes or certain housing developments to simplify transactions and clarify ownership rights. However, the underlying leasehold terms still apply, and the actual ownership remains with the freeholder.


Does freehold mean the the whole property is for sale?

Yes you can purchase a property either Leasehold or Freehold. Leasehold you only own the right to use the property, such as a house rental and pay the landlord a rental. Freehold purchases mean that you entirely own the property and land.


Difference between leasehold property and freehold property?

You don't have to pay rent of property which is called annual ground rent, while in leasehold means, you lease the property from owner of property for several years. This is the contract on based of rules, legal rights and responsibilities from both parties.


What is the difference between lease and sublease?

A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.

Related Questions

Is a lease estate a freehold estate?

No. A lease is a leasehold estate.


What is a freehold townhouse?

A freehold Townhouse is one in which you own the townhouse rather than lease it for a specified time. It can be passed on to future generations rather than reverting to the leaser upon your passing.


What is the answer to crossword clue item of non freehold property?

The answer to the crossword clue "item of non freehold property" is likely "lease." Non freehold property refers to property interests that do not provide ownership, such as leases, which grant the right to use property for a specified time in exchange for rent.


Can you change freehold to leasehold?

Change freehold to leasehold can be a difficult process. Leaseholders have a legal right under the Leasehold Reform Act 1967 to buy the freehold of their house if they meet certain qualifying criteria. Alternatively, it is possible to negotiate with the freeholder informally to buy the freehold by agreement.


What is the difference between freehold borough and freehold township new jersey?

Freehold township is better


What does notional freehold mean?

Notional freehold refers to a concept in property ownership where a leasehold property is treated as if it were freehold for certain legal or financial considerations. This means that the owner has the rights and benefits similar to freehold ownership, despite the property being technically under a lease. It is often used in contexts like shared ownership schemes or certain housing developments to simplify transactions and clarify ownership rights. However, the underlying leasehold terms still apply, and the actual ownership remains with the freeholder.


Where is the Freehold Public Library in Freehold located?

The address of the Freehold Public Library is: 28 1/2 E. Main Street, Freehold, 07728 2202


When was Farnham's Freehold written?

Farnham's Freehold was published in 1964.


What does it mean if a seller owns a freehold interest in a property and an under leasehold interest?

freehold n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety).


Where did Bruce go to college?

Freehold Borough High School in Freehold, New Jersey.


What country is freehold in?

Well, country is spelled with a ¨u¨. And freehold is probably in Canada.


When was Freehold Public Library created?

Freehold Public Library was created in 1916.