Re:The Grenfell Tower inquiry is uncovering a major corporat...
by OJFord on Monday December 07, 2020 @05:28AM
(#25330887)
Yes, I just wouldn't call it a 'clean way'. It's not an easy thing to which there's an obvious solution making the freehold/leasehold split bonkers.
Re:The Grenfell Tower inquiry is uncovering a major corporat...
by TheCoelacanth on Monday December 07, 2020 @09:52AM
(#25332619)
Never heard the phrase "commonhold" used in the US, but it seems similar to "condominium".
Re:The Grenfell Tower inquiry is uncovering a major corporat...
by OJFord on Monday December 07, 2020 @06:50PM
(#25339429)
Huh, thanks for that - I honestly thought that was just what you (North Americans) called blocks of flats (resp. apartments) - I had no idea it was actually more specifically/correctly a particular (presumably commonplace) ownership structure for such buildings.
Edit: sorry, in Scotland it is called freehold or feuhold not commonhold but could be considered equivalent. I believe commonhold is also used in the US.