• Buying
• Development
• Freehold vs Leasehold
• Leases
• Mortgages and Secured Lending
• Property Rights
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If you buy or own a freehold property, then you own it outright, in theory from the centre of the earth to the clouds above it including the air space in between.

Owning the freehold will usually give you more control over what you can do with the property.  A freehold owner also benefits from any rise in the value of the property but suffers from any fall.

If you buy or own a leasehold property, then you are a tenant and you take the property subject to the terms of a lease.  A leasehold term usually restricts what a tenant can do with the property and any changes to it will often require the landlord’s prior consent.

Many businesses operate from leasehold properties because it usually involves a smaller initial outlay and can give the business greater flexibility.  The cost of occupation (e.g. the payment of rent) is a business expense spread over the term of the lease.

To speak to someone who can advise about both freehold and leasehold properties or any other commercial property issue call, email or request a call back from one of our specialist lawyers.