![Leasehold](https://img-cdn.financeunlocked.com/headers-images/financeunlocked/4.jpg?ik-sdk-version=javascript-1.0.3)
Leasehold
A leasehold property is an agreement with the owner of the land (often referred to as a freeholder) to own and use the building on the land for a specific period of time. At the end of the lease, the ownership of the property is transferred to the freeholder.