What does share of freehold mean?

[Nalani]

Have you come across the term share of freehold and wondered what it means in property ownership? Many buyers ask how share of freehold works, what rights it gives, and how it differs from leasehold ownership.

 

[OlivaRock]

Think of share of freehold to the extent that you own your flat and also own part of the building with the other owners- so you have a greater voice in such matters as maintenance and lease conditions. It is just leasehold, only with much more control and less headaches.

 

[LiamOliver]

Share of freehold meaning Share of freehold means you will have a share of freehold in a building with other leaseholders and this gives you greater control on the management of a building and service charges are usually reduced.

 

[Olowricha]

Share of freehold consists of owning your leasehold apartment and a part of a freehold of the whole building. You, as well as other owners, jointly manage the property, have greater control over maintenance expenses and generally issues yourself long-term leases of 999 years with no ground rent.

 

[Darcey]

A share of freehold means that you own a leasehold flat in a building and, together with other flat owners, also collectively own the freehold of the building. This gives you more control over management, maintenance, and service charges compared to a standard leasehold property.