🏡Freehold vs Leasehold

capstone72 ohio 俄亥俄州 美國房地產 May 23, 2024
Freehold vs Leasehold
"Freehold" and "leasehold" are terms commonly used in property law to describe different types of property ownership:
 -Freehold ownership, also known as fee simple ownership, represents the highest form of property ownership.
-When you own a property as a freeholder, you have full ownership rights to both the land and any buildings or structures on it.
-Freehold ownership is typically indefinite and does not have a set expiration date.
-As a freeholder, you have the right to use, modify, and sell the property as you wish, subject to local laws and regulations.
-Leasehold ownership refers to a situation where a person or entity (the leaseholder or tenant) holds the right to use a property for a specified period of time under a lease agreement with the owner (the freeholder or landlord).
-Unlike freehold ownership, leasehold ownership is limited by the terms of the lease agreement, which specifies the duration of the lease (the lease term) and any conditions or restrictions on the use of the property.
-At the end of the lease term, ownership of the property reverts back to the freeholder unless the lease is renewed or extended.
-Leasehold properties are common in situations such as apartment buildings, condominiums, and commercial properties, where individual units are leased to tenants rather than sold outright.
In the United States, properties purchased come with freeholder rights. This means that buyers not only have the right to own and use the property for their lifetime , but they can also pass on the ownership of the property to family heirs or successors through inheritance or other means , ensuring that the family can have the right to perpetual ownership and use of the property. This allows the family to have a constant rental income from the property, providing an additional option for family financial planning , which is definitely worth it.
(Below is Chinese Version)
美國物業:Freehold與 Leasehold的區別
  •  Freehold(永久業權),也被稱為「永久地契」,代表有著最多的物業所有權。
  •  當您以永久業權擁有物業時,您對土地以及上面的任何建築物或結構擁有完全的所有權。
  •  永久業權通常是無限期的,沒有設定的到期日期。
  •  作為永久業權擁有者,您有權利根據當地法律和法規自由使用、修改和出售物業。
  • Leasehold(租地權)是指一個人或實體(承租人)根據租約與業主(房東)簽訂協議,在指定期限內使用物業的權利。
  • 與永久業權不同,租地權的所有權受租約條款的限制,該租約規定了租賃期限(租賃期)以及對物業使用的任何條件或限制。
  • 在租賃期滿後,物業的所有權將歸還給業主,除非租約得到續租或延長。
  • 租地權物業在公寓大樓、公寓和商業物業等情況下很常見,其中單位被租給租戶,而不是完全出售。