A spokesperson for Persimmon said: "We have been in discussions with a small number of residents to confirm to them that they may purchase the freeholds
after a two-year period of ownership, and that Persimmon is committed to retaining ownership until then.
However, the 1985 Housing Act states that there is an exception for charities which own freeholds
, which are not obliged to extend a lease or sell the freehold
for houses on their land.
But his informant has a very eccentric interpretation of our proposal to raise money by being prepared to sell the freehold
interests it owns of the villas around the Park, which are on long leases.
have an interesting history, which has been well documented in the book The Town That Bought Itself.
There is a general shortage of smaller industrial units throughout the county, especially around Bromsgrove, (due to its close proximity to both the M5 and M42) where there is a micro-market boosting freehold
prices by as much as between 25 per cent and 50 per cent for new readily available premises," added Mr Dillon.
Well, while it's undeniable that it can complicate matters, and your solicitor will certainly want to check it out very thoroughly indeed, the fact is that most of the difficulties associated with flying freeholds
are easily surmountable - for example, by taking out indemnity insurance.
Sainsbury's has secured the freehold
rights to one of its supermarkets this week in a further rebuff to property entrepreneur Robert Tchenguiz's attempts to split the company into an opco/propco operation.
It is thought at least a dozen other properties in the village have same problem, as their freeholds
are listed as belonging to William Leech (Investments), while the company says that it knows nothing about them.
There are many other benefits to freehold
ownership according to Bob Tattrie, managing director for Alfred McAlpine Developments.
Southern Cross had 20 freehold
properties with a book value of pounds 46.
Acquiring the two freeholds
from pub group Punch will open new trading opportunities for the non-food side of the business and let it expand further, it said.
It's perfectly legal:A shareholder of one of the firms that has bought and sold freeholds
in South Wales last night defended the practice.