Everything you need to know about leasehold at MAES notaries

Leasehold is a right that allows you to use someone else's land, but doesn't actually own it. Instead, you pay an annual lease to the landowner. This can be an attractive option for both individuals and businesses, as the initial costs are often lower than with full ownership.

The difference between leasehold and ownership

The main difference between leasehold and freehold is that with leasehold, the land remains the property of the bare owner, while with freehold, the buyer owns both the land and the building. This difference affects the property's value and the terms under which you can use and sell it.

Leasehold in case of death and will

Upon death, leasehold rights play an important role in the estate. The leasehold rights are passed on to heirs. It's often wise to make a will. This will determine what you want to happen to your estate. If you don't make a will, the law will determine who your heirs are. At MAES civil-law notaries, we help you clearly establish this so your heirs won't encounter any surprises.

Leasehold is a complex subject that requires in-depth legal knowledge. At MAES civil-law notaries, we offer the guidance and expertise you need to understand and properly arrange all aspects of leasehold. Contact us for more information and tailored advice. This way, you can arrange your leasehold and estate with peace of mind.