What is Share of Freehold?

Share of freehold means the leaseholders of a building (typically flats) collectively own the freehold, usually through a company in which each flat owner holds a share. This gives owners control over service charges, maintenance and lease extensions without needing a separate freeholder's consent. It is generally seen as preferable to standard leasehold because residents manage the building themselves, though it brings shared responsibility for repairs and decisions.