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In Scotland and elsewhere in Europe you have “commonhold” where tenants own the freehold of their flats. Edit: sorry, in Scotland it is called freehold or feuh
by epanchin 6y ago
In Scotland and elsewhere in Europe you have “commonhold” where tenants own the freehold of their flats.
Edit: sorry, in Scotland it is called freehold or feuhold not commonhold but could be considered equivalent. I believe commonhold is also used in the US.
- OJFord 6y agoYes, I just wouldn't call it a 'clean way'. It's not an easy thing to which there's an obvious solution making the freehold/leasehold split bonkers.
- TheCoelacanth 6y agoNever heard the phrase "commonhold" used in the US, but it seems similar to "condominium".
- OJFord 6y agoHuh, thanks for that - I honestly thought that was just what you (North Americans) called blocks of flats (resp. apartments) - I had no idea it was actually more specifically/correctly a particular (presumably commonplace) ownership structure for such buildings.