Buying the Freehold of a Leasehold Property
Guide to buying the Freehold of a Leasehold Property.
The logic of leasehold is hard to understand at times, that you can buy a home but not own the land it ha..link
Most property buyers are familiar with the terms freehold and leasehold, but a less common issue that can arise during a property transaction is a flying freehold.
A flying freehold exists where part of one freehold property extends over, or sometimes under, another person's freehold property. Despite the name, the property does not have to be literally "flying" or suspended in the air. It simply means that part of the building crosses the usual boundary line between two separately owned freehold properties.
What is a Flying Freehold and should it matter?..
linkGuide to buying the Freehold of a Leasehold Property.
The logic of leasehold is hard to understand at times, that you can buy a home but not own the land it ha..link
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