what does leasehold mean?

0 ⤊

what does leasehold mean?

ive seen a business id like to buy ,but it seems really cheap and in brackets it says 7200 per annum,does this mean as well as buying the business id have to pay another 7200 per year ?

2007-06-25 22:58:30 · 3 answers · asked by li 3 in Business & Finance ➔ Renting & Real Estate

3 answers

Leasehold refers to rights and obligations under the terms of a lease. In this case, in addition to purchasing the business, you are also assuming [taking on] the obligation the business has to pay rent on an annual basis [ 7200 per year rent].

2007-06-25 23:39:09 · answer #1 · answered by Mark 7 · 0⤊ 0⤋

You're buying the business, but not the building(s) (or maybe just the land) which is/are leased. The rent is 7,200 PA.

2007-06-26 06:19:55 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋

Fraid so.

2007-06-26 06:01:34 · answer #3 · answered by Sal*UK 7 · 0⤊ 0⤋