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Share of Freehold division of costs between two flats
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propertyman wrote: »No there isn't GM
There are are only three types of tenure commonhold leasehold and freehold.
If a freehold is owned by GM and PM, then the freeholder is GM and PM, they are one single legal entity, not a share.
Where the FH is owned by a company they are a member of or have share in, that company, not the freehold.
Perpetuating this idea makes people they have a tenure "SOF" which is misleading and counterproductive.
But equally GM owns 50% (assuming an equal split) of the freehold (and could sell it for 50% of its value).0
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