Carol Palfrey Associate Broker
" The Eastside is my Neighbourhood "

1 (604) 818-7422
Posts By Date
Contact Form
*indicates required fields.
Your Email:*
Your Name:*
Your Telephone:
Contact Info:
Cell:1 (604) 818-7422
Office :1 (604) 263-1911
Mailing Address:
4387 Main Street
Vancouver, BC
V5V 3R1 Canada

Leasehold property

I currently have a condo for sale at 210 3629 Deercrest. North Vancouver


This is a leasehold property, I often receive questions on what a leasehold property is about.


In a leasehold property  ownership;  the buyer does not own the land. 


The Purchaser owns the improvents and structure on the land but leases the land from the owner ( developer). This lease is called a head lease. The lease can vary in length of time, but usually is at least 50 to 99 years. The developer, in this case, leases from the First Nations Band.


The Purchaser becomes part of a corporation with shares and registers an interest as a leasehold tenant. It sounds much more complicated than it actually is... 


The benefits of leasehold property is that the cost is less expensive than a freehold property. The location of the property is usually in an area where it would be too expensive to purchase Freehold property and there is no property tranfer tax asscociated with the sale. 


If you have question, I would be happy to answer them!


Carol Palfrey

Macdonald Realty

604 818 7422

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above: