Festet felles tomt

08:02 Apr 11, 2019
Norwegian to English translations [PRO]
Real Estate
Norwegian term or phrase: Festet felles tomt
Areal og type
Festet felles tomt per dags dato på ca 20 da.

It's from the documentation for a new development... I'm after the usual UK English equivalent! Thanks.
Lagom
United Kingdom
Local time: 09:17


Summary of answers provided
4(nominally BrE) Joint building lease (long leasehold)
Adrian MM.
3Shared ownership lease
Norskpro


  

Answers


9 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Shared ownership lease


Explanation:
Maybe this is it.


    https://www.lease-advice.org/advice-guide/shared-ownership-leases/
Norskpro
Norway
Local time: 10:17
Native speaker of: Native in NorwegianNorwegian
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
(nominally BrE) Joint building lease (long leasehold)


Explanation:
Not really a concept in UK land law cf. Erbbaurecht in DEU.

Beware of US or even Can. equivalents.

Long live Viking Odel- /Udelrett!

Example sentence(s):
  • En festetomt er en del av en landeiendom der det foreligger et leieforhold mellom en grunneier, og en fester/leietaker. Grunneieren krever inn en (som regel årlig) grunnleie. Leieforholdet er fastlagt i en festekontrakt.
  • Building lease: A lease of land for a long term of years, usually 99, at a rent called a “ground rent,” the lessee covenanting to erect certain edifices thereon accordiug to specification, and to maintain the same, etc., during the term.

    Reference: http://no.wikipedia.org/wiki/Festetomt
    Reference: http://www.linguee.com/german-english/translation/erbbaurech...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 18
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search