🏢 Freehold and leasehold ownership guide
A freehold ownership guide covers the law with regards to owning a property outright, with no time limit. A leasehold ownership guide covers the law with regards to renting a property from a landlord for a set period of time.
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Explain freehold and leasehold
When someone owns a freehold property, they own it outright and can do with it as they please. A leasehold property is one where the owner leases it from a landlord. The landlord generally retains control, and the lessee must adhere to rules and regulations. There are advantages and disadvantages to both, so it's important to weigh them carefully before making a decision.
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