Question: what is the difference between freehold and leasehold property?
Answer: Leasehold: Method of owning property (usually a flat) for a fixed term but not the land on which it stands. ... Freehold: Outright ownership of the property and land on which it stands. A freehold estate in land (as opposed to a leasehold) is where the owner of the land has no time limit to his period of ownership.