Opinion: Fleecehold as a high risk investment?

km1500

well they did it with leasehold ground rent ie not applying it to existing gound rents !

RAS

Legislation is rarely retrospective. 

RHemmings

daveyjp said:

Very much down to the detail of what the payment goes towards.

If its cutting a small area of grass kids play on at £100 a year its a different approach than a purely private development.  On private development the maintenance costs of roads, pavements, drainage, sewers, foul water treatment, sustainable drainage system, streetlighting, broadband ducting, play areas could all be paid for by the homeowners.  A schedule of what is and isn't paid for is therefore vital, if there are any cover all clauses such as 'and any other costs deemed necessary' be wary.

Also be aware of whether the management company are likely to introduce private car parking 'management', especially if roads are private.

https://forums.moneysavingexpert.com/discussion/6613087/pcns-issued-on-private-freehold-bays#latest

Around my way, I have several times seen all the roads on an estate up for sale. Whoever would buy those roads will probably be looking for some way to make money out of them. And, the homeowners and users of the roads are quite likely to be the targets of that. 

If someone owns all the roads, then is it legal for them to introduce whatever parking restrictions they want, and then enforce those as an income stream?