What Is Leasehold Property?
Leasehold Property is property leased to a lessee for a stipulated period. The Lessee pays lease premium and annual lease amount as fixed by the Lessor. In these cases the Land ownership rights remain with the Lessor and a prior sale-permission is normally required if you plan to transfer the property. If you are not able to find the answer you are looking for, please send us a message by clicking here. We will address the same.
Leasehold Property is property leased to a lessee for a stipulated period of time. The Lessee pays lease premium and annual lease amount as fixed by the Lessor. In these cases the Land ownership rights remain with the Lessor and a prior sale-permission is normally required if you plan to transfer the property.