The government has issued a white paper on their plans to have “commonhold” as the form of ownership tenure for new blocks of flats.
The Right to Manage (RTM) is a right introduced through the Commonhold and Leasehold Reform Act 2002, which allows leaseholders of residential properties to take over the management of their building…
When a person buys a property, they agree to one of two kinds of agreements: a freehold agreement or a leasehold agreement. In the UK, most houses are purchased on a freehold basis.
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