pennfox

What is a share of freehold?

Looking to buy a property which has the freehold shared between 3 - what implications does this have?

Asked on Feb 28 2010, General in Bracknell | Report content

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  Iain White...

  There are no real implications other than you will be liable to one third of any repairs and or maintainence. It can be set up in 2 ways you own 33% of the whole thing or you own 100% of a specified portion of the freehold. As long as the when the Freehold was split the paperwork was done correctly their is nothing to worry about. Your conveyancing lawyer will need to look at the arrangement to be sure but we sell share of Freehold properties on a regular basis and if the paperwork is correct to most it is better than buying a leasehold property. Hope this helps

  Answered on Mar 1 2010, Report content

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