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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 ...
Dunston Hill Mansion House, Whickham, Gateshead, Tyne And Wear – 2003–2006 by McCarrick Construction (formerly a hospital), into 11 apartments, stables into 2 homes, plus newly built 10 flats and 24 dwellings. Compton House, Over Compton, Dorset – 2003–2005 by Clublight Developments, 4 apartments in the house and 4 in the stables.
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".
A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after that held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) periodically such as weekly or monthly. Terminology and types of leasehold vary from country to country.
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]
The attic or loft is a storey just below the roof of the building; its ceiling is often pitched and/or at a different height from that of other floors. A penthouse is a luxury apartment on the topmost storey of a building. A basement is a storey below the main or ground floor; the first (or only) basement of a home is also called the lower ...
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.