Buying a Leasehold property means that you own just the building and not the land. In this case, you must pay a ground rent to your landlord. Often this landlord will be your local authority.Leasehold properties are not freely transferable and the transactions are done through Power of Attorney.
Hi, Lease properties are easy to the transaction where one party buys the right to occupy land or a building for a given length of time. At lease is a legal estate, leasehold estate can be bought and sold on the open market.