A Leasehold property is built on Land which does not belong to the owner of the property and for which ground rent is usually paid. Service charge is also payable for the maintenance of the communal areas of an apartment block and for the common grounds.

A Leasehold property is subject to the Lease - a legally binding document which stipulates the obligations of the Leaseholder, including the obligations in relation to the sale or purchase of a property.

A Freehold property is built on Land which belongs to the owner of the property – no ground rent is payable for a Freehold property. There may be a service charge payable for the maintenance of the common grounds of the site e.g. the Estate communal areas but not for the maintenance of the property itself.

A Freehold property is subject to transfer documentation- legally binding documents which stipulate the obligations of the Freeholder including the obligations in relation to the sale or purchase of the property.