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Property investors need to understand the terms associated with buying properties; such term includes leasehold and freehold.
The knowledge of the difference between freehold and leasehold properties is essential, as this may influence the type of property you purchase. In this detailed guide to leasehold and freehold, we breakdown the difference between the two, and the ways you can own a property.
We also examine the different costs and levels of responsibility that come with each and how that affects the buying, selling, and maintenance of such properties. If you are unsure whether freehold or leasehold is your best option, continue reading this guide for some helpful information.