All Topics / The Treasure Chest / leasehold v freehold

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  • Profile photo of zenonzenon
    Member
    @zenon
    Join Date: 2003
    Post Count: 0
    August 22, 2003 - 6:17 am

    Hi
    I am looking at a property in QLD that is lease hold as opposed to freehold. The lease runs out in 2090. Has anyone done a leasehold deal and is there any disadvantage in this kind of deal[?]
    The asking price is about $52K and the net return should be $40/week after all expences and interest.
    Regards
    Zenon

    Profile photo of pwupwu
    Member
    @pwu
    Join Date: 2003
    Post Count: 1
    August 22, 2003 - 7:19 am

    Hi,
    I am in a similar situation:
    I am interested at a property in NZ. The agent told me that the block is crossleased until year 2987 but still freehold. My questions are,
    – what is meaning of “crossleased”?
    – Is there any disadvantage of such deals?
    – What will happend after the lease finish?
    Any help would be greatly appreciated.

    Peter

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