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Each unit-holder owns the freehold of their internal, and a commonhold or residents' tie owns and manages the common parts of the attribute.
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What's the difference between share of freehold and full freehold?
Share of freehold is when a buyer acquires a shared ownership of a property’s freehold title. Unlike having complete freehold ownership, you would only have freehold tenure for a portion of the property.
Can a freehold estate grant an equitable interest?
Therefore she is capable of granting leases for her freehold estates. In each property a lease interest is present; a lease interest may be either a legal or an equitable interest.
Can a tenement be held for a freehold estate?
A tenement is any land held for a freehold or leasehold estate. It is a phrase commonly used in easement to refer to a piece of land. “An easement cannot exist in gross – i.e. without any estate in land to which the right is connected” (Land Registry: 2010).
Who is responsible for the maintenance of freehold land?
Freehold land is the grounds that a property is built on, and owned by the freeholder of the property. If you have freehold ownership, you’ll be responsible for maintaining the land of the property, whether this is for a leaseholder, a tenant, or yourself.
Last Update: Oct 2021
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