The meaning of share freehold.

What is the meaning of share freehold? What is the period of shared freehold? For how long do I own this property? After dying who owns the property? Is there rent for freehold?

Asked on Dec 7 2010, General in London | Report content

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  • A share of the freehold basically means that each of the owners of the respective properties in the block will each have a lease of your individual flat and a share in a separate company that in turn owns the freehold of the whole. The period of the freehold is the same as any, i.e. in perpetuity or as long as the own the property. Basically the main advantage is that you can decide block insurance, ground rent, maintenance fees etc and how the block is managed. It also means extending leases when the become problematic is often far easier.

    Answered on Dec 7 2010, Report content

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