Freehold vs Leasehold Property: Key Differences Explained
Freehold vs Leasehold Property: Freehold property offers full ownership with no renewal, while leasehold grants usage rights for a fixed term, typically requiring renewal. Freehold is more secure, valuable, and allows more freedom, whereas leasehold may involve restrictions and extra charges. Conversion from leasehold to freehold is possible via a legal process.