Buying Commercial Property · glossary
Outright ownership of land and the buildings on it, with no end date. A business that owns the freehold can alter its building without asking a landlord, and stay as long as it likes. Holmfield sold the freehold of Beckside Works to Fellgate with vacant possession. Chapter 1 · see Vacant possession
Explained in Chapter 1, What a Property Deal Is, of Buying Commercial Property.
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