What are the exit fees in retirement properties?

Jun 4, 2015 ... What is freehold? Freehold land is owned absolutely by the owner, with ownership registered as a freehold title. The freehold owner can use ... Freehold tenure means you own the property and the land it sits on outright, indefinitely. As the freeholder, your name is registered as the owner in the Land ... Nov 3, 2023 ... Homeowners living on freehold estates pay towards the management and maintenance of communal areas or services. Homeowners are required to pay a ... For this reason (amongst others), a share of the freehold is typically granted in addition to the grant of the long lease. This means for a buyer purchasing a ... Holding a share of freehold also means that everyone in your property will be invested in the block to a certain degree. This should mean that your property is ... A freehold is an estate in land that is not limited in time. It may be brought to an end only by escheat. A share of freehold means you own the leasehold for your flat while also jointly owning the freehold for the building with other flat owners. Share of freehold is a form of property ownership specific to flats and apartments in the UK. Owners not only possess their individual leasehold units but also ... What does the verb freehold mean? There is one meaning in OED's entry for the verb freehold. See 'Meaning & use' for definition, usage, and quotation evidence. This means they allow someone else to produce from the title, usually in exchange for a small sum plus a royalty on what is produced. Freehold mineral rights ...