Friday, 26 October 2012

What's the difference between old style leasehold and leasehold with share of freehold? - Telegraph

What's the difference between old style leasehold and leasehold with share of freehold? - Telegraph

Question:

I'm interested in the difference between old style leasehold and leasehold with share of freehold, what are the pros and cons? How do the self-management blocks actually work?

Answer:

Buying a property which comes with the share of the freehold is worth paying a little extra for, as it will give you and the other owners in the block, a say when it comes to repairs, maintenance, cleaning of communal areas and other bills that are paid for by the service charge. ....
 

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