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Business → Small business
ANSWERS: 1
  • Mike O'Reilly
    I think the answer is the same no matter what the type of premises is. Freehold means and absolute (or total) ownership. Leasehold means that ultimately (and this may be a very long time (e.g.999 years)) the ownership will revert to the Landlord. Long leases are used to allow the Landlord to impose conditions on the Sale.
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