RICS APC Practice Test
RICS APC Property Law & UK Land Law
What is the difference between freehold and leasehold ownership of property in England and Wales?
Select your answer
A
Freehold ownership is absolute ownership of the land indefinitely; leasehold is ownership for a fixed term granted by the freeholder
B
Freehold applies only to commercial property; leasehold applies to residential property
C
Freehold requires planning permission to sell; leasehold does not
D
They are equivalent terms for full ownership used in different regions of the UK
Hint
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