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<br>When you buy a home, you normally acquire the residential or commercial property and have complete, comprehensive [ownership](https://starzijproperties.ng) over the home and the land it sits on. While this isn't the most common type of homeownership in the US, some city realty markets consist of houses for leasehold purchase.<br> |
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<br>Today, let's explore what a leasehold is, how leasehold ownership compares to freehold ownership, and the benefits and drawbacks of a leasehold residential or commercial property in detail.<br> |
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<br>What Is a Leasehold Residential or commercial property?<br> |
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<br>In other words, a leasehold residential or commercial property is a personal residential or commercial property that you own for a particular amount of time without owning the land that it is constructed on. It's contrasted with freehold or cost basic ownership, which is far more typical in America |
