The General Property Trust bought the freehold over the 104 square kilometres in December 1997.
Most importantly it would create complicated flying freehold arrangements which are notoriously difficult to manage from an estate management perspective, as discussed above.
There are currently two main ways of owning property in England and Wales: freehold and leasehold.
You are entitled to purchase a plot of land in Spain as a freehold and own it outright, in the same way that a Spanish person could come to Ireland and buy land.
Then a month after that deal was done, Keelwalk came back and said we could buy the freehold .
From today, developers of new mixed-use properties can choose whether to offer freehold , leasehold or commonhold properties, and people who are leaseholders can now transfer to a commonhold system.
A 250-year lease is a freehold sale in anyone's book; do these custodians of the citizens' property give a hoot?
The freehold of the block was owned by one of the companies of the Grosvenor Estate.
The mortgagor may have a freehold or a leasehold estate in the land.
Commonhold will be a new kind of freehold ownership.