A freehold title grants the holder full and exclusive ownership of land and buildings indefinitely. In contrast, a leasehold title provides the right to use and occupy the land and buildings for a specified period. This distinction is crucial in real estate, as it affects the duration and extent of ownership rights. Freehold offers permanent ownership, while leasehold is temporary, based on the lease agreement’s terms.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

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