What does it mean to be the owner of an apartment under a joint freehold arrangement?
Being the owner of an apartment under a joint freehold arrangement means that the buyer will be the private owner of an apartment, destined for the buyer’s exclusive use, and also, in terms of co-ownership, of a quota of parts of a development, known as “communal areas”. Depending on the type of the development in question, communal areas can include the exterior structure of the building, communal roads, corridors and walkways.
