What home buyers of leasehold properties can do

Real estate basics: What is a Leasehold property?

What exactly does ‘leasehold’ mean and what are the implications of buying a property, or building a house, on leasehold land? We explain. Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a government agency) remains the owner of the land and gives the land to...

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