When you buy a house, you generally acquire the residential or commercial property and have full, thorough ownership over the home and the land it sits on. While this isn't the most common type of homeownership in the US, some metro realty markets include homes for leasehold purchase.
Today, let's explore what a leasehold is, how leasehold ownership compares to freehold ownership, and the benefits and drawbacks of a leasehold residential or commercial property in information.
What Is a Leasehold Residential or commercial property?
In other words, a leasehold residential or commercial property is an individual residential or commercial property that you own for a certain amount of time without owning the land that it is built on. It's contrasted with freehold or cost easy ownership, which is a lot more typical in America
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What is a Leasehold Residential or Commercial Property?
Burton Tousignant edited this page 2 months ago