In India, the rights of an apartment buyer differ significantly between leased property and freehold property. In freehold property, the buyer has complete ownership of the property, including the land on which it stands. However, in leased property, buyers do not own the land; they only have the right to occupy the apartment for a specified period as per the lease agreement. The main differences between them are.
Freehold Property: It can be bought, sold, or transferred without needing approval from any authority. Generally, freehold properties are more expensive due to the full ownership rights and the absence of ongoing lease payments.
Leased Property: Transferring ownership or rights typically requires the consent of the lessor (landowner). Leasehold properties are generally less expensive upfront, but owners must pay ground rent and may face additional costs related to lease renewals.
When deciding between freehold and leasehold properties, potential buyers should carefully consider all the important factors.
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Leased property free hold property rights of apartment buyer in each case
smallikarjuna
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2021-01-24T14:10:53+00:00 2025-04-16T15:24:23+00:00Comment
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