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.

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.

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

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.

When a piece of property is given or 'leased' to an individual (known as the 'Lessee') for a stipulated period of time, by the owner of the property (known as the 'Lessor'), the property is referred to as Leasehold Property. A certain amount is fixed by the Lessor to be paid as lease premium and annual lease. The land ownership rights remain with the Lessor. Transfer of property requires prior permission.

When ownership rights for a piece of property are given to the purchaser for a price, that property is referred to as Freehold Property. Unlike in the case of leasehold property, no annual lease charges need to be paid and the freehold property can be registered and / or transferred in part(s).

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.

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-

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.

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.

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.

Many flats are advertised as having a 'share of freehold'. This doesn't generally mean that the flat itself has freehold title; there will still be a lease and the covenants contained in it will have to be adhered to. What it will probably mean is that the freehold on which the block stands is owned by a limited company and the shareholders of that limited company are the owners of the flats in the block.