The Common Term ‘Share Of Freehold’ Explained

Q: I am buying a flat that has a ‘share of freehold’. What does this phrase mean? Is there a lease to it or are there any hidden costs to the final buying price?

A: purchasing a property that has a share of *freehold means that you will acquire shared ownership of the freehold entitlement related to the building/property. Furthermore, this will give you a leasehold interest in each/individual flat.

Generally, freehold ownership is registered under a certain company’s name. The owners. Which are more than one in most cases, are all shareholders in the property. Alternatively, a freehold title can hold multiple names of up to four individuals in registration.

For tenants, renting/leasing a property having a share of freehold does not, in any respect, give them an entitlement to not abide by the lease/standard terms of the lease. If the lease doesn’t allow any alterations without the landlord’s consent, any infringement of the terms of the lease could result in penalization.

A leasehold withering value to it with the passage of time hence, making it a risky and less profitable aspect of real estate. The key advantage of the share of freehold on the owners’ end is the ability to grant themselves a 999 years’ lease, thereby making a safe and wise investment. Owning a share of the freehold also means that the lessees can have greater control of the day-to-day management and maintenance of the property.

Owning a share of freehold has its own set of risk factor. For example, poor administration involved in the management of a building and Poor management, in general, can lead to a range of problems.

It’s important to note that acquiring a share of freehold is generally a wise investment but doing so does come with its own predicaments. A good solicitor would help you ensure your share of freehold dream purchase does not turn into a poorly managed building and investment nightmare.

*Permanent and absolute tenure of a land /property with the freedom to dispose at will.

5 QUICK BOUNCY CASTLE INSURANCE TIPS FOR EVERYONE

Do you own an amusement units business? Are you sub-letting an amusement unit ahead? Are you planning an event where you would be putting up a bouncy castle and similar entertainment units? Whatever the case, we have 5 life-saving and hassle-saving bouncy castle insurance tips for you.

Bouncy Castle MUST have #01: Public Liability Insurance

Any activity that involves jumping around or boosting the adrenaline brings along the risk of causing injuries, potentially turning serious and leading to a lawsuit. It’s absolutely vital that you get public liability insurance before hiring out a bouncy castle or similar amusement units. Should you/ your company be accused of any mishaps, injuries or property damage, the insurance will cover the legal costs. Ideally, a minimum of 2 million is sufficient to protect your business; ensure that you have enough cover.

Organizing an event with a bouncy castle? Reason #02 to purchase Public liability insurance

As an event planner, acquiring public liability insurance should be the first thing on your to-do list. If your event features a bouncy castle, then it’s necessary you cover yourself / your business. Should anything unpleasant happen, you could be held responsible? Check with the entertainment unit providers whether or not their insurance would cover you for any mishaps or injuries sustained.

Having a party at home with a bouncy castle? Get personal liability insurance

Public liability insurance is the commercial version of personal liability insurance. If you’re hiring a bouncy castle for a party at home and inviting guests, you can be held liable if one of them injures themselves. For example, normally, there’s a limit to the number of children who can use the bouncy castle at any one time. If this is exceeded and an accident occurs, you could find yourself being sued. Personal liability insurance eliminates this financial risk. It may already be part of your home insurance policy, so speak to your insurance broker.

Personal liability insurance stems from public liability insurance, the former being individualized for one’s own defence. If you are hiring a bouncy castle for an at-home party, you could find yourself in trouble if a guest injures themselves. Most accidents occur upon exceeding the number of people who should be aboard in a unit at one time. If the headcount or the weight reaches its limit, the inflatable deflates or crashes down and you could be sued. Personal liability insurance eliminates financial risks like such and saves you in ‘their word against yours’ situations. Some home insurance policies already provide coverage; you could speak to your insurance broker and confirm.

Don’t avoid employer’s liability insurance

If you are in the entertainment units business, it’s likely that you have hired operators/ technicians for on-site jobs. Regardless of the number of hours they are working for you, it’s your legal obligation to hold employers’ liability insurance. A slight on-site occurrence by the staff could get them penalized and cost your business a lot (of money and reputation) in the end.

Event cancellation insurance for covering lost revenues

Most entertainment providers have a reservation and cancellation policy. For example, they would hold your date for a limited time. Similarly, they would accept cancellations until a certain date. After that, they would either return the down payment after necessary deductions or the advances are non-refundable in the first place.

In case you find yourself in a similar situation as a planner or an individual, event cancellation insurance could help cover the cancellation charges that may have incurred.

How Physical activities are important for better academic performance in children

Every parent wants a better performance of their children in academics. Research shows that physicalfitness increases your mental strength and there is always a positive connection between physical activities and academic performance.

Children active in physical activities have more cognitive abilities. According to some studies it is clear that there are many differences in the brains of active children as compared to inactive children like memory, emotion regulation and responsiveness usually tend to be larger amongst children who got involved in regular physical activities.

Physical activities stimulate brain plasticity by increasing the growth of new connections between cells in a wide array of important cortical areas of the brain to grow neuronal connections. So it is 

clear that healthy physical activities improves the functioning of brain like:

• The flow of oxygen to the brain is increased
• The number of brain neurotransmitters is increased, which helps your ability to focus, deliberate, learn, recall and control stress
• The number of brain-derived neurotrophins is improved, which assures the survival of neurons in areas of the brain that are responsible for learning, memory and higher thinking.

Physical activity improves children’s self-esteem. It supports relationships with peers, parents and teachers. Regular and organized physical activity training stimulates interactive collective and self-regulation core values like respect and social obligation.

Children enjoy lots of different physical activities like different type of games and other activities like jumping, running, cycling, swimming etc. Now there is also a trend of the bouncy castle. Children love to play and jump on bouncy castle and soft play areas. This is the best physical activity for children and there are many companies that provide bouncy castle and soft play equipment on different occasions especially in birthday parties for children. It’s a complete package in term of healthy and fulfilled activity.