What is probate and how does it affect freehold property?

If you own the freehold, it means that you own the building and the land it stands on outright, in perpetuity. It is your name in the Land Registry as “ ... What is leasehold? · A leasehold property means you own the property but not the land that it's built on, the land is owned by the freeholder. · There's a legal ... Food Establishments on Conditional Satisfactory. What does it mean when a food establishment is Conditionally Satisfactory? At the time of inspection, ... Freehold is where you own the property and the land it sits on. ... The fact that two of the flats are leased does not mean that Fred stops owning the freehold. Feb 28, 2023 ... Freehold property is the most common ownership type of property in New Zealand. In a nutshell it means you own the property and the land ... What does freehold mean? ... Quite simply, owning a freehold property means you fully own the property and land. As the name suggests, it is "free from hold" of ... Freehold vs leasehold. If you own the freehold of your home, it means that you own the building and the land it sits on. If your property is leasehold ... What Does Freehold Mean? What is a Freehold Property? A freehold property means you own the building and the land it stands on outright. This ownership is ... Dec 17, 2016 ... In the strictest sense of the words, Freehold and leasehold mean what you think they do. Freehold is that you own it outright and leasehold ... If you buy a freehold property you will own the building as well as the ground it stands on. This benefits the buyer because it means there is no need to ...