A guide to buying a flying freehold apartment in Jersey
The ‘Loi (1991) sur la copropriété des immeubles bâtis’, also known as the ‘Flying Freehold Law’, was enacted to enable units (usually apartments) within buildings to be sold on a freehold basis instead of by share transfer. We will assume for the purpose of this briefing that we are dealing with an apartment.
The law provides for the division of a property (the ‘collective property’) into private units and common parts. Ownership of a private unit (an owner in this case being known as a ‘co-owner’) grants outright freehold title to an apartment (and, where relevant, of any garden, patio, parking space or store).
A co-owner is also allocated a percentage interest in the common parts (i.e. the structure of the building, shared access ways and commonly used facilities) and is required to contribute towards their maintenance and upkeep…
If you are registered and logged in to the site, click on the link below to read the rest of the Ogier briefing. If not, please register or sign in with your details below.
News from Ogier
News from The Lawyer
Briefings from Ogier
In Global Tradewaves Ltd, liquidators appointed by the BVI court to GTL obtained leave to examine a former director of GTL in relation to the company’s affairs.
The bailiff was recently asked to consider an application from Mrs Le Cras for a ruling from the court as to the interpretation of her late father’s two wills.