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Home > Forum > Mumbai > Other > Freehold property and leasehold property

Freehold property and leasehold property

Q: What is the difference between freehold property and leasehold property?? Could anyone give the proper meaning.. Which one should I go for?

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Freehold properties are more expensive. Here, the buyer has full control over the land upon which the house is built. On the other hand, a lease holder gets the ownership rights for a specified period of time. The plus point is that it is less expensive than freehold and the lease can be extended thereafter.
Apoorva Ram


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