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When you buy a house, you usually acquire the residential or commercial property and have complete, thorough ownership over the home and the land it sits on. While this isn't the most typical kind of homeownership in the US, some city property markets consist of homes for leasehold purchase.
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Today, let's explore what a leasehold is, how leasehold ownership compares to freehold ownership, and the advantages and drawbacks of a leasehold residential or commercial property in detail.
What Is a Leasehold Residential or commercial property?
Put simply, a leasehold residential or commercial property is an individual residential or commercial property that you own for a particular amount of time without owning the land that it is developed on. It's contrasted with freehold or charge basic ownership, which is much more common in America
This will delete the page "What is a Leasehold Residential or Commercial Property?"
. Please be certain.