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What is the difference between purchasing business Freehold or Leasehold?

April 26, 2017Business difference Freehold leasehold purchasing

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What is the difference between purchasing business Freehold or Leasehold?

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In effect, if you purchase the Freehold as well as the fixtures and fittings and goodwill of the business, then you will own the property as well as the business. If you purchase Leasehold, you will own the business and fixtures and fittings and will have the right to occupy the business premises for an agreed rent.