Freehold Office Propertyasehold property vs

Post on 13-Apr-2017

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Transcript of  Freehold Office Propertyasehold property vs

Leasehold Property vs. Freehold Property

In Leasehold property an ownership of a temporary right is given where a tenant

holds rights of for a specific period

While in case of freehold estate is "free from hold" of any entity besides the owner

Leasehold does not transfer the ownership

to the buyer

While in case of freehold the

property could be transferable to the owner's

"heirs and assigns”

person who buys a leasehold property has to pay the communal maintenance and repair

cost

owner of the individual unit pays a maintenance charge in case of freehold

property

freehold properties give more right and responsibility to the owner and therefore are

better than the leasehold properties

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SMS: (+65)98739278Email: vvipdiscount@gmail.com