Freehold and Leasehold Property

Watch this quick video to know about "Freehold and Leasehold Property" in detail.

Transcript

Hi Akash! The difference between a freehold property and a leasehold property is where a leasehold property is under a local authority or the government itself, and the lease period is within 30 to 99 years, but even within this lease period they are not prevented with any kind of transactions, as long as the legal deed is ready, whereas in the freehold property you have the legal owner, who can rent, sell or lease the property. Thank you for watching and keep asking.