What does the term ‘Freehold Property’ mean
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What does the term ‘Freehold Property’ mean
Asked on May 1, 2011 by Prashant Mendiratta - Mumbai Beyond Thane
Freehold means you can enjoy ownership forever .In comparison to leasehold which usually allows you 99, 60, 30 years or less after which the land owner (which could be the state govt or another enterprise) will take legal possession of it. Freehold is thus more preferable and fetches a higher price.
Answered on August 22, 2011 by Saroja  |  Like Reply
Any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety)
Answered on May 5, 2011 by Priyank Vaish  |  Like Reply
Freehold property means that the owner has complete and absolute ownership of the land, and all buildings that stand on the land. The owner of the freehold property is therefore in a position to do what they wish to and with the property, in accordance with local planning regulations. Freehold property is therefore generally more expensive than leasehold property.
Answered on May 2, 2011 by Pawan Vishwakarma  |  Like Reply
In response to Pawan Vishwakarma
I agree with you Pawan.
Replied on May 5, 2011 by Amit  |  Like Reply
Freehold property is property for which ownership rights of Land is given to the purchaser for a price and he is not required to pay annual Lease Charges. Freehold properties can be registered and transferred in part
Answered on May 2, 2011 by Jagadish D S  |  Like Reply
Exclusive ownership of property for an indefinite period. In contrast with leasehold, which is the right to occupy property for a fixed term.
Answered on May 2, 2011 by Sumit chandra  |  Like Reply
mean if u buy the property u r the solo owner at any point u can occupy the property.
Answered on May 2, 2011 by M.RAVIKUMAR  |  Like Reply
Having single owner for the property.
Answered on May 2, 2011 by Mohan  |  Like Reply
In response to Mohan
I dont think this is the right answer. Please clarify.
Replied on May 4, 2011 by Anmol Bhatia  |  Like Reply
When ownership rights for a piece of property are given to the purchaser for a price, that property is referred to as Freehold Property. Unlike in the case of leasehold property, no annual lease charges need to be paid and the freehold property can be registered and / or transferred in part
Answered on May 2, 2011 by Sachin Gajanan Gorde  |  Like Reply
In response to Sachin Gajanan Gorde
i want to know if i have a property which area is 1000sq.yard is freehold or leasehold. as i know i don't paid any lease charges to any govt. department and i am the single owner of this land and the part of land which i have is cut from the private land, i have paid house tax annualy than my land belongs to freehold or leasehold. please email me at kukikc@yahoo.com
Replied on March 21, 2013 by Kuki  |  Like Reply

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