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Leasehold, freehold and commonhold get mixed up all the time — and it’s an easy place to drop marks if you don’t understand the differences. Freehold means you own the property and the land outright. Leasehold means you own the property for a set number of years, but not the land. Commonhold means you own your unit outright and share ownership of the communal areas. Simple definitions, but important ones — especially if you’re studying CeMAP 2&3. Clear understanding beats memorising every time.
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