Share of Freehold
Property ownership type
You have a long lease but also own a share of the freehold company that owns the building, giving you more control.
What This Means
This is the best of both worlds for flats - you have a leasehold flat but collectively own the building with other leaseholders through a freehold company.
Practical Advice
- More control than standard leasehold
- You and other leaseholders manage the building
- Can influence service charge costs and works
- Easier to extend lease than standard leasehold
- Requires cooperation with other leaseholders
- May have director responsibilities in freehold company
Key Points
- More control than standard leasehold
- Collective responsibility for building maintenance
- Can influence service charge costs
- Still have a lease but can extend it more easily
- Requires cooperation with other leaseholders
Additional Information
Share of freehold combines benefits of freehold control with flat ownership practicality.