Apartment - Portuguese 'Lease'
Printed From: Albufeira.com
Category: Living in Albufeira / Viver em Albufeira
Forum Name: Algarve Foreign Residents / Residentes Estrangeiros
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URL: https://albufeira.com/forum/forum_posts.asp?TID=9219
Printed Date: 28/April/2024 at 07:31
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Topic: Apartment - Portuguese 'Lease'
Posted By: Analogue.man.in.a.di
Subject: Apartment - Portuguese 'Lease'
Date Posted: 30/November/2015 at 20:45
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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 ------------- Thanks Analogue.man.in.a.digital.age |
Replies:
Posted By: peteknopp
Date Posted: 30/November/2015 at 22:33
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A lease is known as 'Trespasse' more often used with commercial properties. ------------- 
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Posted By: cubsur
Date Posted: 01/December/2015 at 09:15
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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. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: stuart123
Date Posted: 01/December/2015 at 21:19
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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 propertyâ€, 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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Posted By: Analogue.man.in.a.di
Date Posted: 21/May/2016 at 10:36
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Much obliged to everyone for their contributions and knowledge. Thanks ------------- Thanks Analogue.man.in.a.digital.age |