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Leasehold for properties

What is the meaning of leasehold?

Asked on Aug 3 2009, Home Improvement in Preston | Report content

Answers (1)

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  • In very basic terms it means that you do not own the land on which the property is built. Therefore you pay a 'Ground Rent'. The Lease is normally for a specified number of years eg, 99, 125 or often 999years.

    Answered on Apr 8 2010, Report content

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