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Hello, Please explain '50% share', freehold & leasehold

Hello, I am interested in buying property. Please advise on what it means to buy a property in a '50%share'. In such a share, which owner is allowed to live in the property? Also, please advise on what is a 'freehold' and what is a 'leasehold' Thankyou. Good Day to you

Asked on Sep 19 2013, General in Cambridge | Report content

Answers (1)

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  • Hi, A 50% share will mean that you live in the house but you only owe 50% of it and you will pay 50% of the rent to the other owner, and you have the right to live in it. Freehold is where you own the land where the property is built. Leasehold is where you pay a ground rent to lease the land that the property is situated on. We hope this helps.

    Answered on Sep 19 2013, Report content

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