4 ms·

Any new home for the last decade, including "freehold" ones, comes with financial obligations to pay for public areas. Older homes have that as council tax, but

by ta1243 3y ago

Any new home for the last decade, including "freehold" ones, comes with financial obligations to pay for public areas. Older homes have that as council tax, but new homes have a privatised council tax in addition. It's known as "fleecehold" due to its similarity to leasehold.

gpderetta 3y ago
The difference is that there are actually some modicum of protection and rights for leaseholder, not so much for "fleeceholders".