What Does Leasehold Mean When Buying A House «DIRECT »»

: An annual fee paid to the freeholder for "renting" the land.

💡 : Always check the "remaining term" of the lease before making an offer. Extending a short lease can be incredibly expensive and legally complex. what does leasehold mean when buying a house

: A pot of money collected for major future repairs (e.g., a new roof). 🏗️ Rules and Restrictions : An annual fee paid to the freeholder