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NOTICE Not for Use Where Seller Owns Fee Simple Title to Land Beneath Unit  Form

NOTICE Not for Use Where Seller Owns Fee Simple Title to Land Beneath Unit Form

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[Music] neither home buyers and homeowners this is a mirror sight with your mortgage minute this video is about the difference between a fee simple ownership and leasehold ownership to very foreign words to a lot of people but if you've ever bought a home you'll notice that it's gonna be in your closing documents and you might have heard it so this is actually a very good cocktail-party video so you can sound smart around your friends be simple ownership is essentially the simplest way of holding property you actually own the entire building and the land the soil of that property which is most common transactions leasehold is where a fee simple owner who owns for sure the land leases out the entire building for example and so the leasehold owner owns the physical element of the property but not the actual land not as common most regular first-time homebuyers that are watching this video or second time homebuyers are purchasing any property you're going t

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