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.

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. See similar questions...

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. See similar questions...

If you wish to instruct a local solicitor, and we suggest you do, he/she will charge around 1,000. We can give you a list of recommended solicitors. There is on average at least one parking per property, located beside or very near to the apartment/villa. We will offer a package option for furniture and white goods. More information will be available soon. A full 18 hole golf course, the first in North Cyprus, is now open close to the village of Esentepe. See similar questions...

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

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. See similar questions...

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. See similar questions...

A : Leasehold properties: 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. See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

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