leasehold in A Sentence
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The Leasehold term is 999 years and started in 1950's.
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However, even under Leasehold, you need to get the property registered in your name.
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Apartments may be owned by an owner/occupier by Leasehold tenure or rented by tenants(two kinds of housing tenure).
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Leasehold deeds are common and offer ownership for a fixed period of time after which the ownership reverts to the freeholder.
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Occasionally, Leasehold deeds are offered in perpetuity however many do not convey ownership of the land but merely the apartment or'unit' of accommodation.
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Occasionally, Leasehold deeds are offered in perpetuity, however many deeds do not convey ownership of the land, but merely the apartment or unit(housing) of the accommodation.
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In most government housing schemes(DDA, MHADA, etc.) where units are allotted on a Leasehold basis, there is a specified gestation period, before which the resident cannot sell the property to another party.
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In most government housing schemes(DDA, MHADA, etc.) where units are allotted on a Leasehold basis, there is a specified gestation period, before which the resident cannot sell the property to another party.
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