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by iso1210
1763 days ago
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Indeed, until recently I lived in a freehold house which had a covenant saying my hedge could be no higher than 4' high, couldn't change the colour of my front door, couldn't park a van on my drive, that I had to pay a specified private company money each year to do various things, with no say over that company. The term "buy", at least in the UK when it comes to housing, is a sliding scale. |
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When buying a flat or a non-detached house, you usually fall into an ownership law called "bostadsrätt". In essence, you don't buy a house. You buy stocks in a housing association, which grant you the right to use the chosen flat/house. The housing association is pretty much run like a company, with a yearly board meeting, a CEO, a CFO, etc. Your ownership is proportional to the surface area you bought.