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ilnamberuan
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Joined: 14 Mar 2005
Posts: 1
Cash Points ££ 15.00
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 Posted: Mon Mar 14, 2005 12:01 pm Post subject: share of freehold and freehold |
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please i need to know something about this topic.
which differences between share of freehold and freehold. i 'd like to buy an apartment and i dont know why sometime i read freehold and sometime i read share of freehold.
i apologize if my english it's so bad but i'm doing a best and i hope you got me. thank's from italy |
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Deborah
Veteran Investor
Joined: 12 Jul 2004
Posts: 418
Cash Points ££ 1730.36
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| Posted: Mon Mar 14, 2005 12:18 pm Post subject: |
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In recent years it has become common for leaseholders to acquire the freehold from the landlord using a limited company in which they each have a share. When a property is marketed for sale, agents will often describe it has having ‘share of freehold’ included. This generally refers to the share in the company which owns the freehold.
People believe owning a share in the freehold allows them to have more of a say in the way in which the building is managed. It is not always as positive as it sounds as good management will rely on the leaseholders. It does not mean that you have a ‘freehold flat’, as the lease still exists and has to be complied with.
Freehold property is when you own a house outright and there is no landlord or management company to whom you owe obligations. |
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