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Leasehold not prepaid non-strata refers to a type of property tenure where the leaseholder does not pay the full lease amount upfront and the property is not part of a strata scheme, which typically involves shared ownership and management of common areas. In this arrangement, the leasehold interest is held for a specified term, during which the leaseholder pays rent to the landowner, but does not own the land itself. This type of lease can offer flexibility but may come with limitations regarding property modifications and use.

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1mo ago

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What does leasehold prepaid strata mean?

Leasehold prepaid strata refers to a type of property ownership where the owner has purchased a leasehold interest in a strata-titled property, typically for a long term, but has already paid the full lease amount upfront. In this arrangement, the individual owns the right to occupy and use the property, while the land remains owned by a different entity, often a developer or government. This form of ownership can offer lower entry costs compared to freehold properties, but it may come with restrictions and a finite duration for the lease. Owners may also be subject to strata fees for shared property maintenance and management.


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