Nate Shipp, owner of Development Associates, says he signed up with Freehold on the condition that Freehold securitize income from the fees and then pass on some of that revenue to his company so it could lower the price for buyers.
When Texas lawmakers considered a ban on the arrangements, however, Alderman insisted that Freehold didn't put reconveyance fees on homes that aren't part of new developments.
Be aware that freeholds are more rare, but a good business can fetch up to £500,000.
It is generally understood that the freehold as set out under this law is a freehold in the international sense, whereby owners are deemed to have absolute rights in their property.
Even when this law was reversed, there was, until recently, no federal law that recognised freehold tenure, which meant that the value of Dubai freeholds rested in essence on the country's international trading credentials and good name rather than on enforceable law.
But only a year later, buyers are finding, to their horror, that the freeholds have been sold on, and that householders who want to buy them could face bills of up to £35,000.
The Tchenguiz Family Trust, based in the British Virgin Islands, still ultimately owns about 65% of the freehold sites that are now under the management of FirstPort.
But it also means the gradual end of the hallowed "parson's freehold" that can give parish clergy a kind of owner-occupier status.
Collingswood is one of 53 towns in the state, including Red Bank, Atlantic City, Elizabeth, Cranford, Clifton and Freehold, that have designated special improvement districts.
It was assumed that the existing freehold arrangements would remain, and that those whose land was not required for the city itself would be in a position to capitalise on the new circumstances.
"We hadn't made an error this entire tournament until that play," Freehold Manager Anthony Cirillo said.
