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Leasehold/Freehold
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qwertyuiop12345 wrote: »I wasn't aware that it was even possible to divide up the freehold in this way. I have never heard of it being done before. I'm intrigued - can you provide a link to information about this process? It sounds like a legal nightmare!
I can give you an example, in Italy all flats are freehold. This means that the land below the flat is equally owned by all flatowners. Of course there are strict rules regarding building alterations etc. Problems with the exterior, roof etc. becomes everyones responsibility.
Simple things like cleaning the stairwell, lifts & shared gardens are the all of the flatowners responsibility. Usually everyone is put on a rota and takes it in turns to clean/garden (or to hire some cleaners/gardeners if they don't have the time).
To be honest, I can't imagine such a system working in the UK!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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