Hence, the owner of such an estate enjoys free ownership for perpetuity and can use the land for any purposes however in accordance with the local regulations. Sale of a freehold property does not require consent from the state and hence requires less paperwork, thus, making it more expensive than leasehold property
Fri Apr 10, 2015 11:40 am
27Rocks Contributing Member
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Freehold is basically a low that stated all the living/non living things related to the place belongs to you up till the lease is paid and after that only mobile items belongs to user of that area are related to user for more follow http://en.wikipedia.org/wiki/Freehold_%28law%29
