Leasehold property is held on a government lease for a period of 30 years. At the end of this period, the landowner applies for an extension of the lease, which is usually granted. The lease can be extended for a period of up to 90 years at which time the lease must be renewed. Although a freehold title would be of distinct advantage, a leasehold title bears no specific disadvantage to the purchaser.

If the property is freehold then the land that it is built on is also owned. However, if the property is leasehold then the land the property is built on is rented.

A freehold property is one where you own not only the building, but the land it is built on as well. A leasehold property in contrast, is one over which you have joint ownership of the building, for a specified number of years. The property and the land on which it is built is owned by a landlord or a freeholder. The term of a lease is typically between 99 - 999 years, and diminishes in value the closer it gets to the end of the lease term.

In effect, if you purchase the Freehold Fixtures & Fittings and Goodwill you will own the property as well as the business. If you purchase Leasehold you will own the business and fixtures and fittings and the right, usually for a given period, to occupy the business premises for an agreed rent.

No. Once the house is completed and handed over, we recommend buyers take out home insurance, even though this isn't very common in Italy. We are preparing some competitively priced group packages with local insurers for buyers, but they are free to shop around. About 'going bust': to be honest we are not too concerned -- we are a very small, lean team and our rule is not to take on debt, or more than we can handle in terms of restoration work.

All the properties we sell are freehold as it is almost impossible to find leasehold property in Turkey. -back-

All property in Italy is FREEHOLD with few exceptions which rarely if ever affect the domestic market.

The property is neither freehold, nor leasehold; both of these terms are unknown in Bulgarian law. What you shall obtain is superfica meaning ‘above the land surface rights. This is the right to posses a building or part thereof. (i.e. apartments). For practical purposes it is comparable to the freehold. By holding this right the client will have full ownership of the apartment for an indefinite period and will owe nothing to the landowner.

A property (plot/ built up) in which perpetual leasehold have been granted by the title paramount in favour of the lessee. The title paramount i.e. president of India in these kinds of properties acts through DDA, L & DO. Leasehold properties are not freely transferable . depending upon the covenants pf. the lease deed prior permission of the lessor (DDA/LDO) is required to transfer the property. One is required to pay charges such as 50 & of the unearned increase and conveyance.

Leasehold property allows the owner to remain in possession of the property for the remaining period of the lease. Assuming the title of the property is a leasehold estate for 99 years which commenced from 1.1.1995 and you purchased the property this year. It means that you can remain in possession of the property for 94 years.

Yes, if the property you now own is a restricted residential property purchased/acquired before, on or after 11 September 1973. Note if you and/or your spouse own an HDB flat or a non-privatised HUDC Phase III or IV flat, you are strongly advised to check with HDB as to whether you and/or your spouse are eligible to retain your HDB flat without owner-occupation under the HDB's existing policies, before you proceed to purchase a restricted residential property.

There are several benefits: if you convert the property to a freehold property, you become a full-fledged owner by getting the sale deed and having it registered. A freehold property has better marketability and can be sold, mortgaged or kept for standing security, which cannot be done with leasehold property.

Property or land that was in Greek Cypriot ownership pre-1974. These properties were transferred to Turkish Cypriot Citizens either in exchange of their lands left in South Cyprus or for economical development purposes. When the Turkish Cypriot refugees came to the safety of the north after 1974, they left all their possessions behind in the south. Accordingly, the Government then assessed on a points basis, the value of the refugee's forsaken assets left in the south.

We are presently awaiting legislation that shall hopefully provide us with the basis of real estate legislation for the Dubai Emirate. It is understood that the freehold title announced by H.H. General Sheikh Mohammed bin Rashid Al Maktoum in 2002 shall be freehold as is understood in the international sense where the owner is considered to have absolute rights to the property. Most of the developers in Dubai are offering Freehold property and their contracts state this.

Yes. Like any other traditional form of real estate, a Proportional Freehold Title can be sold or transferred., subject to any restrictions set out in the constitution of the owners??? association.

A : There are a number of advantages in holding a free-hold property in comparison to that of a leased property. Some such benefits are : The property holder becomes a full-fledged owner only by getting the sale deed of the property after getting it registered.

Ans: A freehold title means you own the property for an indefinite period. on the other hand, a leasehold title specifies the number of years which you can hold the property, for example, 99 years or 999 years with effect from a certain date. Hence, if you are buying a leasehold property, you should also check the remaining unexpired term. In general, the shorter the unexpired term, the lower the value of the property.

When you rent an apartment, you sign a Lease. Typically, a lease is for a minimum 12 months in Thailand, although some landlords may consider a shorter or longer term. When you sign a lease, you are required to pay a 2 month deposit which is refundable when you move out, less any charges for damage to the property. There are 2 types of Land Title Deed: Freehold and Leasehold. Leasehold means that the buyer is only leasing the property from the land owner for a pre-determined period of time.

The Constitution states that the maximum term of a lease is 75 years. Many leases are 50 years from their creation or from Independence on 30 July 1980, but nearly all new leases nowadays are registered for 75 years, including strata title leaseholds.

Properties that were Turkish Cypriot, British or foreign owned pre-1974. These deeds are considered 100% safe.

The landlord owns the building and land where the property is built and grants a lease of parts of the property to a tenant for a period of years. All rights and restrictions regarding the property are recorded in the Public Registry and any rights and obligations between the landlord and the tenant are contained in a seperate lease.