A leasehold property allows individuals to rent a property for a long duration, typically between 40 to 120 years, without owning the land.
In contrast to freehold properties that signify permanent ownership, leasehold agreements mean that the house ultimately reverts to the landowner after the lease ends.
Leaseholders enjoy a unique benefit; unlike typical tenants, they can make significant home improvements and renovations during their lease period.
Although leaseholders pay a lower down payment than standard home purchases, they also pay monthly ground rent and must conform to the lease terms.
Collection
[
|
...
]