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Island Real Estate Agency
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Google Property Information
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Reg. No: E (3) 0943
Block 18-30-B
Gurney Tower
Persiaran Gurney,
10250 Penang
Tel: 04-2277088
Fax: 04-2277099
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Real Estate Glossary of the
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Leasehold
The right to occupy a portion of a building for a given length of time. i.e. 99 years tenure. Leaseholds generally occurs in buildings that comprise more than one unit such as strata unit.
Freehold
An owner’s interest in land where both the property and the land on which it stands belong to their owner indefinitely. i.e. the outright ownership of a property.
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