Tag: leasehold
A shake up of the leasehold system
Commonhold Property Ownership Historically there have been two legal estates in land (a legal measure of someone’s interest in land), freehold ownership and leasehold ownership. Freehold is for an unlimited duration and leasehold is for a set term of years. Commonhold is a newer type of ownership and is a form of freehold property ownership... Read more »
Why Extend Your Lease?
Extending the lease can provide security and increase the property’s value. A lease extension is the legal process that allows leaseholders of residential properties to extend the length of their lease agreement with the landlord. This typically applies to leasehold properties, where the leaseholder owns the property for a fixed period of time. The process... Read more »