Difference between a Leasehold and a Freehold?

Answer

A freehold estate in land as opposed to leasehold is where the owner of the land has no time limit to his period of ownership while lease hold is a possession of the property will be subject to the payment of an annual ground rent.
Q&A Related to "Difference between a Leasehold and a Freehold?"
Leasehold means that the land is leased. So let's say you buy a house that sits on leasehold land, you own the house but not the land the house sits on. Once the lease for the land
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Ask.com Answer for: what is the difference between freehold and leasehold
What Is the Difference Between a Leasehold & a Freehold Property?
Leasehold and freehold estates are types of property developed under the common law system. Leasehold estates are considered non-freehold estates, meaning they endure for a fixed calendar period. Freehold estates have the potential to endure forever or... More »
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The difference between freehold and leasehold is mainly in the definition in that leasehold is a method of owning property (usually a flat) ) for a fixed term but not the land on which it stands; while freehold refers to outright ownership of the property and land on which it stands. A freehold estate in land is where the owner of the land has no time limit to his period of ownership. With leasehold, possession of the property will be subject to the payment of an annual ground rent.
A freehold property is a property that gives full legal rights to the property owners to live and use the property .leasehold property only gives the buyer a right to live in the property or use it for commercial purposes for a specific period.
The difference between Leasehold and Freehold is that in leasehold the method of owning property is for a fixed term but not the land on which it stands, while in freehold, there is outright ownership of the property and land on which it stands.
A freehold property is a property that gives full legal rights to the property owners to live and use the property .leasehold property only gives the buyer a right to live in the property or use it for commercial purposes for a specific period.
The difference between freehold and leasehold is that when you buy property on freehold you can live there as long as you want for you will have owned the property. If you buy property in leasehold you have just bought the rights for a specific duration and it is only yours for that duration.
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