Shared Ownership leases of flats and Right to Manage: Is it possible?
Shared ownership leases are often the first step into home ownership. They are a distinct type of ownership, where a share (a portion of the equity in the property, rather than 100% outright ownership) of a lease is held by the leaseholder. For example, you can have a 50% share in the lease’s equity, and this can be on a house or a flat. The ‘unowned equity’ is retained by the landlord, so turning to our example the landlord would retain the other 50%.Click here to download article