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by iso1210 1763 days ago
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.

2 comments

I nominate Sweden to be the weirdest country when it comes to housing ownership.

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.

It’s not much different in the US. Leasehold arrangements are less common, but still possible, particularly when dealing with “mobile” homes (that generally aren’t mobile at all once placed).