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.

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.

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.

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.

A property where title paramount has conveyed the property in favour of the purchaser by conveyance/ sale deed with no restriction on the right of the holder of the property to further transfer the property. Record of ownership of the freehold property can be ascertained from the office of the sub-registrar. It can be transferred by registration of sale deed. When ownership rights for a piece of property are given to the purchaser for a price, that property is referred to as Freehold Property.

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.

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.

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.

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.

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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.

Freehold property is property for which ownership rights of Land is given to the purchaser for a price and he is not required to pay annual Lease Charges. Freehold properties can be registered and/or transferred in part, which is not possible in the case of Leasehold properties.

Most of the developments are offering freehold properties and your contract confirms this. A new law on march 12 2006 confirmed that foreign purchasers have the right to own freehold title to real estate in certain parts of Dubai and has significantly boosted both the amount of property for sale in Dubai and also the demand for it. It is understood that the freehold title announced by H.H.