What is the process of collective enfranchisement? What are the costs of collective enfranchisement?

Part of the property with the flying freehold either overhangs or lies beneath another person's property, hence the 'flying' part of the name. It may seem obvious, but freehold literally means 'free from hold', it is land over which the owner has outright ownership. Legally this ownership lasts 'in ... Share of Freehold is most associated with the purchase of flats, where owners own the leasehold for their individual flat and hold a share of the freehold for ... Oct 5, 2022 ... Simply put, when a buyer acquires property with a tenant in situ, it means that the property is sold without vacant possession. The tenant ... Oct 6, 2023 ... Management Responsibilities: According to the Landlord and Tenant Act 1987, shared freehold means the owners are responsible for managing the ... If you have a freehold property, you own the land and (generally) anything built on the land unless there are any registered or unregistered interests. May 26, 2024 ... In contrast, share of freehold means that the freehold is collectively owned by the leaseholders, who each also own their leasehold property. 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. Mar 21, 2025 ... This means that once you acquire a freehold property, it remains under your name or that of your designated heirs perpetually, unless you decide ... Jun 29, 2024 ... If you gain a share of freehold for your building, you will still own your property on a long lease. However, as a co-owner of the freehold of ...