Leasehold VS Freehold Property: The Difference You Should Know

Are you thinking about purchasing an investment property for sale at auctions? There are two different types of properties you can think about for purchasing at auctions:

·         Leasehold Properties

·         Freehold Properties

What is leasehold Property?

It is a property owned by an investor for a specific period of time through a legal agreement. This legal agreement is signed between you and the owner of the property. You give up and return property’s ownership to the original owner at the end of a lease agreement. But such property investment opportunities come to auctions very rarely.

What is Freehold Property?

Any property that is inheritable without any restrictions. The property owner has every right to transfer the property without any restrictions. A legal guardian can inherit freehold property can also transfer it further via the registration of sale deed.

You should contact experienced property investment agents in London to know everything about such properties. Their experience will certainly help you know what to do and what not to do while purchasing freehold or leasehold properties.

The Bottom Line

We are only a phone call away! Call us immediately to make sure you are doing everything right to purchase freehold VS leasehold properties.