The distinction between a leasehold property and a freehold property lies in its proprietorship . In a leasehold property, the possession stays with the concerned nearby position or the public authority (by and large). The rent period changes normally between 30 to 99 years. However, this doesn’t keep the individual proprietor from selling or perform different exchanges with the property, given the rent deed is enrolled.
If there should arise an occurrence of a freehold property, the proprietor of the property is the legitimate proprietor and can sell/rent/lease the property according to his/her desire.