Leasehold Vs Freehold

It is imperative for aspirant property buyers to familiarize themselves with the numerous aspects related to ownership of property, before they start searching for a property to purchase. Essentially, there are two basic types of ownership, leasehold and freehold. As per Sumit Jain, CEO of a real-estate portal CommonFloor.com, “A property is neither freehold nor […]

In a freehold property, the owner can enjoy the absolute ownership but in a leasehold property, the holder of property is a lessee and the owner of the property is a lessor who leased out the property for a certain period of time and after expiry of the lease term the lessee has to vacate […]