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Topic ClosedApartment - Portuguese 'Lease'

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Analogue.man.in.a.di View Drop Down
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Direct Link To This Post Topic: Apartment - Portuguese 'Lease'
    Posted: 30/November/2015 at 20:45
I'm sure this will give many here a BIG smile at a Newbie's ignorance, but here goes... -
Is there a Portuguese equivalent to the UK Lease or Leasehold system to consider in buying a normal residental apartment in a 100% residential block?
It's a normal block, built under 20 years ago - the lawyer has asked me what I mean by my question. I can't find anything by search;- but any knowledge or experiences anyone?
 
Thanks!

Analogue.man.in.a.digital.age

 
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peteknopp View Drop Down
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Direct Link To This Post Posted: 30/November/2015 at 22:33
A lease is known as 'Trespasse' more often used with commercial properties.
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Direct Link To This Post Posted: 01/December/2015 at 09:15
I have never come across the concept of leasehold for a residential block. You either rent from the owner or buy outright. In the latter case, condominium charges and the equivalent to council tax will be charged to you.
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Direct Link To This Post Posted: 01/December/2015 at 21:19
A leasehold doesn't exist in Portugal law.

There is something called a "horizontal freehold", which is similar, but just describes how much of the whole apartment block you own...

Under the system of “horizontal property”, residential units are sold with absolute title (i.e. freehold). This system applies to apartments that are built as independent units with a separate entrance, and townhouses and similar semi-detached properties may also opt for this system of ownership.
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Direct Link To This Post Posted: 21/May/2016 at 10:36

Much obliged to everyone for their contributions and knowledge.

Thanks
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