Quote:
Originally Posted by Roger
Hi Zeiad,
You've been more than helpful already and I hate to ask another question, but it seems the development I'm interested in is going to be "shared freehold". Do the same rules apply as for freehold?
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Hi Roger,
Thank you for the kind words it is really a pleasure to answer these questions.
Shared Freehold "in law" is the freehold shared between more than one owner i.e. a man and his wife buying a property together, kids who inherit a single property together...etc.
Other than that, it is really hard to imagine how can shared freehold be applicable on the case of a residential complex selling villas or flats out to individuals.
Before I jump to any conclusions / opinions I'll be glad to hear an explanation from the developer how exactly does they define "shared freehold" in this situation!
All the best,
Zeiad Yehia
Solicitor