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What does 'Leasehold' mean?

Modified on: Fri, 29 Nov, 2019 at 10:30 AM

Leasehold means that the buyer has a lease from the landlord (sometimes called the freeholder) to use the property for a number of years. The lease is a legal agreement with the landlord and details how many years the buyer will own that property for. This differs from Freehold which you can learn more about here.

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