2 ms·
Flats in the UK are often not sold as in the US, but rather you purchase a long term (100+ year) lease to the property with the option to extend essentially ind
by mdwrigh2 11y ago
Flats in the UK are often not sold as in the US, but rather you purchase a long term (100+ year) lease to the property with the option to extend essentially indefinitely (for a reasonably small cost). Some flats comes with a share in the freehold (ownership of the actual building), but at least in London those are fairly rare.