[Vwoolf] The Ramsays in Skye - owning or renting?

[mhussey at verizon.net]

A friend in London once explained to me what a “leasehold” meant—but I’ve forgotten the details. It seems peculiar to the UK (or perhaps just England?), where you “own” a flat in a building but you still have to pay some feudal lord in (say) Cornwall) a nominal rent for the land on which the building in which your flat is sits.  Is that right? 😉

 

From: Vwoolf <vwoolf-bounces+mhussey=verizon.net at lists.osu.edu> On Behalf Of Stuart N. Clarke via Vwoolf
Sent: Wednesday, July 15, 2020 7:34 AM
To: vwoolf at lists.osu.edu
Subject: [Vwoolf] The Ramsays in Skye - owning or renting?

 

As I was saying, “I was only talking about England & Wales – not even Scotland – far less the US.  (Perhaps I should have been talking about Scotland – which I’m not equipped to do – since the Ramsays’ house is in Skye!)”.

 

One of my favourite Scots words is “feu” = 


in modern use, a perpetual lease for a fixed rent


Difficult for the outsider to grasp how renting perpetually is different *in practice* from owning.  Surely after x years the rent will = 0?  Even less than “twopence half-penny”.

 

Stuart

(Day 120)

 

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.osu.edu/pipermail/vwoolf/attachments/20200715/ea045d60/attachment.html>