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A rendering of the Broad Street view of a proposed 400-unit apartment building in Freehold by Meridia Capodagli Property on Tuesday, Aug. 6, 2024, on display at The American Hotel in Freehold, New ...
A floor plan is not a top view or bird's-eye view; it is a measured drawing to scale of the layout of a floor in a building. A top view or bird's-eye view does not show an orthogonally projected plane cut at the typical four foot height above the floor level.
If the time of ownership can be fixed and determined, it cannot be a freehold. It is "An estate in land held in fee simple, fee tail or for term of life." [4] The default position subset is the perpetual freehold, which is "an estate given to a grantee for life, and then successively to the grantee's heirs for life." [4]
A basement apartment is an apartment located below street level, underneath another structure—usually an apartment building, but possibly a house or a business. Cities in North America are beginning to recognize these units as a vital source of housing in urban areas and legally define them as an accessory dwelling unit or "ADU".
The bundle of rights is a metaphor to explain the complexities of property ownership. [1] Law school professors of introductory property law courses frequently use this conceptualization to describe "full" property ownership as a partition of various entitlements of different stakeholders.
In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [ 2 ] In economics , ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location .
Flying freehold is an English legal term to describe a freehold which overhangs or underlies another freehold. Common cases include a room situated above a shared passageway in a semi-detached house, or a balcony which extends over a neighbouring property.
Freehold Township is a township in western Monmouth County, in the U.S. state of New Jersey.Crisscrossed by several major highways, the township is a commercial hub for Central New Jersey (home to the Freehold Raceway and Freehold Raceway Mall) and is a suburban bedroom community of New York City, located within the Raritan Valley region of the much larger New York metropolitan area.