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When you purchase a house, you generally acquire the residential or commercial property and have complete, over the home and the land it sits on. While this isn't the most common type of homeownership in the US, some metro real estate markets include houses for leasehold purchase.
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Today, let's explore what a leasehold is, how leasehold ownership compares to freehold ownership, and the advantages and disadvantages of a leasehold residential or commercial property in detail.

What Is a Leasehold Residential or commercial property?

Put just, a leasehold residential or commercial property is a personal residential or commercial property that you own for a certain amount of time without owning the land that it is built on. It's contrasted with freehold or charge basic ownership, which is much more typical in America