(n.) An estate in real property, of inheritance (in fee simple or fee tail) or for life; or the tenure by which such estate is held.
Example Sentences:
(1) However, few new commonhold flats are being built, as developers do not have the incentive of profiting from the freehold.
(2) It has enabled the Tories to buy back the freehold of the building, which they had sold off to cut their debts, giving them an opportunity to develop the listed property to raise cash.
(3) The declaration is not a cure-all, he adds, but can include things such as stipulating that the share of freehold relating to each flat is transferred when each one is sold and that the other joint owners agree to co-operate in transferring the freehold on sale.
(4) But Southern Cross is now struggling to meet a huge rent bill because it offloaded freeholds to raise cash during the boom years.
(5) The freehold was only shared with the owners of one other flat, so it seemed like a great arrangement.
(6) His first step was to bring the residents together so he could bring a leasehold valuation tribunal (LVT) case against the freeholder and property manager.
(7) No Freeman shall be taken or imprisoned, or be disseised of his Freehold, or Liberties, or free Customs, or be outlawed, or exiled, or any other wise destroyed; nor will We not pass upon him, nor condemn him, but by lawful judgment of his Peers, or by the Law of the land.
(8) There are things you could – and should – do before you buy a share of freehold property.
(9) "Where the building contains only a few flats it is not always appropriate to form a company to share the freehold.
(10) Because of the problems it has seen relating to share of freehold, the advisory service has issued advice to people buying this type of property to consider a declaration of trust.
(11) It also left £65m of cash in the business, later increased to £74m, as well as about £100m of freehold and long leaseholds.
(12) Sir Ken always maintained that Morrisons should keep hold of the freeholds on its properties and fought to limit debt – even during the company's buyout of Safeway.
(13) Under this arrangement, upkeep of all the common areas will be the responsibility of the shared freeholders, who can either arrange the work themselves or employ a managing agent.
(14) If an emirate’s sovereign wealth fund were to pop up with a £20bn offer for the Palace of Westminster’s freehold, promising a leaseback to parliament after a lavish refurbishment that closed it for half-a-dozen years, who can say that this wouldn’t be welcomed by a British government as yet more evidence that “UK plc is open for business”?
(15) T'would be amusing if it were to happen while the freeholder of this blog Marcus Christenson, the crown prince of Sweden, was on holiday.
(16) When Debenhams was taken over by private equity in the boom years of the noughties, its executives sold off freehold properties, cut costs, and loaded the business with £1bn in debt, before trebling their money by floating it on the Stock Exchange.
(17) Channel 4 currently has £200m in reserves as well as a £250m unused borrowing facility, as well as the freehold on its central London headquarters, which could bring in a further £50m.
(18) In the case of “foundation” schools – schools whose ownership is in the hands of a trust – switching to academy status entails a direct transfer of freehold from the trust to the new sponsors.
(19) The lending criteria of one unnamed major bank, sent to brokers, says the following are excluded: “Studio flats, freehold flats, flats with unacceptable access arrangements (eg rear external staircases), flats converted from former office blocks or flats within blocks where our valuer reports inadequate maintenance of communal areas, ex-local authority or ex-public sector flats that are greater than four storeys high or that have open decking access.” Anecdotally, there is evidence that some lenders are also becoming nervous about expensive one-bedroom flats in London, limiting the maximum mortgage to £500,000.
(20) He already holds the cheaply bought freehold of the Croydon building so the shop does not need to be that profitable to give him a healthy return.
Tenure
Definition:
(n.) The act or right of holding, as property, especially real estate.
(n.) The manner of holding lands and tenements of a superior.
(n.) The consideration, condition, or service which the occupier of land gives to his lord or superior for the use of his land.
(n.) Manner of holding, in general; as, in absolute governments, men hold their rights by a precarious tenure.
Example Sentences:
(1) The findings indicate that there is still a significant incongruence between the value structure of most family practice units and that of their institutions but that many family practice units are beginning to achieve parity of promotion and tenure with other departments in their institutions.
(2) Kim has ruled the country since his father, Kim Jong-il, died in 2011, and his early tenure has been marked by sabre-rattling and repeated nuclear tests.
(3) Morbidity was more strongly related to housing tenure and car availability than to occupational class.
(4) The findings can be a starting point for faculty-dean dialogue about tenure expections.
(5) Their task was to reduce the size of the properties and change the tenure mix from private rented to shared ownership or open market housing.
(6) For once, however, Beckham's timing was out, and his tenure has seen the club win nothing, and a new regime led by austere Italian Fabio Capello sweep away the superstar culture.
(7) David Moyes can only hope his first full day as Sunderland’s manager does not set the tone for the remainder of his tenure.
(8) Conte’s tenure as national manager has been anything other than a smooth ride.
(9) Analysts and industry watchers say it is too soon to judge the mettle of Lewis and new finance director Alan Stewart, whose tenure can still be measured in weeks.
(10) Tenure in methadone maintenance treatment was analyzed in terms of treatment process factors using a survival curve regression analysis.
(11) The authors point out the conceptual, heuristic, and practical clinical advantages of examining living preference rather than traditional correlates of hospital tenure.
(12) In his critique of a GST increase on equity grounds, Bowen noted that Morrison had opened his tenure in the treasury portfolio by declaring the Commonwealth had a spending problem, not a revenue problem – but now seemed more interested in chasing revenue than cutting spending.
(13) The experience of Berkeley House, a psychiatric halfway house, is related as an example of a program that has achieved successful community tenure for its patients through the creation of an extended psychosocial kinship system.
(14) But the question of what Wray will do after his tenure as FBI director may prompt some skepticism, the former agent said.
(15) Autonomy is a vital component of long tenure and satisfaction.
(16) During her tenure, sales have tripled to nearly £6bn and profits grown more than three times to a record high of £942m in 2011, as the company focused on learning products and moved towards digital.
(17) He casts Livingstone's tenure as one big financial mismanagement and contrasts this to his own administration, which, he argues, has been rewarded by the coalition government for responsibly cutting waste with funding that will allow major infrastructure investments such as Crossrail and tube upgrades to go ahead.
(18) Sir David Nicholson's bruising tenure as chief executive of the NHS saw him take a further battering from MPs as the public accounts committee criticised him over big pay rises for consultants and a range of other issues, including his penchant for first class rail travel.
(19) This is advice Clinton has almost certainly taken to heart as she defends herself against attacks over her family foundation’s acceptance of foreign donations and her use of private email during her tenure as secretary of state.
(20) According to officials, the turnout was a respectable 38.6% – higher than the 33% who voted in a referendum during Morsi's tenure, but lower than the 41.9% who turned out in a similar poll following Egypt's 2011 uprising.