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What are there any benefits in converting a leasehold property to a freehold one?

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What are there any benefits in converting a leasehold property to a freehold one?

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There are several benefits: if you convert the property to a freehold property, you become a full-fledged owner by getting the sale deed and having it registered. A freehold property has better marketability and can be sold, mortgaged or kept for standing security, which cannot be done with leasehold property.

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