Leasehold Property is property leased to a lessee for a stipulated period of time. The Lessee pays lease premium and annual lease amount as fixed by the Lessor. In these cases the Land ownership rights remain with the Lessor and a prior sale-permission is normally required if you plan to transfer the property.

Yes, you can own a leasehold property in either your, or joint names. The maximum term that is recognised by Thai law currently is 30 years at the moment, but this could change in the future. However, most reputable companies are now giving an initial 30 years, plus 2 additional 30 years periods in their Lease Agreements. A total lease of 90 years. 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 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. 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...

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. 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...

Yes. We have several investors who will take an interest. Consult us if you have a flat in a converted house (rather than a purpose-built property) or if you have a lease of less than 80 years. We can normally help. 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...

Ans: From legal point of view, the leasehold property would revert back to the State or reversionary interest owner upon the expiry of the lease term of 99 yrs, 999 yrs, etc. However, the government is currently looking into ways to allow old leasehold apartment/condominium developments to upgrade the existing unexpired lease term which they hope will provide an incentive for old apartment/condominium to be upgraded from their existing old and poorly maintained condition. See similar questions...

You will need to contact the Green Community Management Office and speak with a member of our Contracts team. They will obtain a statement from our Finance team to determine the balance owed by you to purchase the unit. You will also need to complete an Application form. See similar questions...

You will need to ask your Purchaser to complete the Application form and you will need to confirm in writing to the Green Community Management Office that you intend to sell the property to the applicant. Upon payment of any outstanding mortgage to your bank (who will issue a confirmation that the mortgage is paid) and payment of the Transfer fee based on the Sale price, we will process the new Lease Agreement for your purchaser. See similar questions...

Freeholds are very expensive in Spain, especially on the Costa del Sol. Most freeholds are owned by Spanish families who prefer to live off the rent obtained by leasing the property. See similar questions...

These are the most common and are known as ‘traspaso’. Here the landlord owns the bricks and mortar and you own the rest. The lease term should not be less than five years. Ten years is common now. These should be ‘renewable’. The rent is normally agreed and fixed via a contract and can be only increased by the annual ‘cost of living’ index as published by the Spanish government. Your landlord can only terminate the lease if you fail to pay your rent! See similar questions...

Many buyers are confused by these terms. If you purchase a fee simple property, you own the land and the improvements upon it. Pretty standard. If you purchase a leasehold property, however, you are buying a lease for the land and, usually, you own the improvements. A residential leasehold might have been set for 55 years but if the ground lease is 30 years old, there would be 25 years left on the lease. See similar questions...

The main advantage is that you do not have to find or finance the land cost. This substantially reduces the capital required to owning your own Florida home, reducing mortgage payments, leaving more of your rental income to cover running and management costs. The leasehold arrangement also means that the developer has an ongoing interest in the development and in retaining its value. 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...