1160w x 400h Difference between freehold leasehold

The Difference Between Freehold & Leasehold Property14th Aug 2023

by Nick Leedham on 14th Aug 2023

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Residential Leasehold Solicitor Nick Leedham Says...

"The first key difference between leasehold property and freehold property is that leasehold property is owned for a specified period of time (typically 99, 125, or 999 years), whereas with freehold property there is no restriction on the time period which you own the property. It is unlimited and absolute.


The second key difference between leasehold and freehold property is that a leasehold property is owned under terms of a lease, which is a legal agreement between the leaseholder and the freeholder. There are rights and restrictions within that legal agreement with which the leaseholder must comply with the freehold property (there is no such lease and no such legal agreement). Accordingly, there are far less restrictions on what a freeholder can do with their freehold property.


The third key difference between leasehold and freehold property is that, with the leasehold property, there will be typically a ground rent payable under the terms of that lease paid by the leaseholder to the freeholder. With freehold property, there would not be such a ground rent payable."

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For more information, please contact residential leasehold solicitor Nick Leedham at Coles Miller’s Bournemouth office, 01202 355697.

This document is not intended to constitute and should not be used as a substitute for legal advice on any specific matter. No liability for the accuracy of the content of this document, or the consequences of relying on it, is assumed by the author. If you seek further information, please contact Managing Partner Neil Andrews at Coles Miller Solicitors LLP.