Property Definitions

A comprehensive glossary of real estate terms and concepts. Clear, expert explanations to help you understand the language of property.

F

Freehold Property

A type of property ownership where the buyer owns both the building and the land it stands on indefinitely.

L

Leasehold Property

A form of property tenure where the buyer owns the property for a fixed period but not the land.

O

Off-Plan Property

Property purchased before construction is completed, typically at a discounted price.