Lease Extension

Owning the leasehold of a property means that you own it for a specified number of years. As the years remaining on the lease reduce, the value of the Leasehold property goes down, and therefore, a lease can often be described as a depreciating asset....

  There are lots of different ways in which you can own property, so we thought it might be useful if we set out some of the most common property ownership terms, which might help you understand the process. Residential Property A residential property is usually either freehold...

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