Search results
Results From The WOW.Com Content Network
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 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".
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. [3] [4]
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.
Freeholding lease – after approval is granted, convert a lease to freehold, and the lessee pays the purchase price in installments. This is an interim tenure; freehold title is not issued until all purchase costs have been paid. All land in the Australian Capital Territory (ACT) is leasehold, issued with 99-year leases.