When is a ‘Freehold’ not worth the paper it’s written on
When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold?
By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast
Buyers of new build houses may be shocked to find that their freehold contains up to a dozen restrictive covenants, including what they can do to their own house.
Word of the Day
Covenant
A legally binding agreement to pay a sum of money on agreed dates to a company or charity.
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