DIFFERENCE BETWEEN LEASEHOLD AND FREEHOLD PROPERTY

LEASEHOLD PROPERTY

In a leasehold, the lease acts as a license for the lessor, in which the freeholder of the land and property grants right to use the property for a stipulated period of time. For this, the lessor is required to pay a price in the form of Lease Rent or Ground Rent, which may include service charges decided on the basis of how a building is managed……..

 

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