Freehold vs Leasehold

Written By Alison Robinson

What is the difference between a freehold and leasehold property / transaction? There are two types of property that you can own in England and Wales, freehold or leasehold.

  • Houses are generally freehold whilst flats are generally leasehold.

  • A freehold interest is owned in perpetuity (forever) whereas a lease is for a term of years.

  • If you own the freehold, you own the land whereas a leasehold interest means you own the property but not the land.

Alison Robinson
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