In this guide, we will delve into all things freehold, covering its definition, benefits, and other considerations.
If you and your fellow leaseholders have decided to take the plunge and collectively purchase the freehold of your building, your first question will likely be “how much will this cost?”. It’s a fair question, but not an easy one…
Much of the discussion around the Leasehold Reform (Ground Rent) Act 2022 has been focussed on the effects for current leaseholders. Obviously, the reforms have been brought in to increase protections for those living in leasehold properties (around 20% of…
Recent leasehold reform is making it simpler and more financially achievable for leaseholders to buy a share of their freehold. If you’re an existing leaseholder and would like to know more about what buying a share of the freehold of…
Multiple-occupancy buildings need varying cover depending on their construction, the number of flats and the amenities involved as well as the usual factors such as building age, current safety measures and location. Navigating the intricacies of this business is best…
It is important to understand that purchasing the freehold in the context of a block of flats is a collective action rather than an individual right. There are two main ways in which leaseholders can buy their freeholds, either in…
Exploring the concept of buying your freehold as a leaseholder, the advantages it brings, and the steps involved in this process.
When looking at buying your Freehold, the building lift is probably not on your list of concerns, but it needs to be considered.
Land ownership law is a complicated thing; with leasehold and freehold properties available and not too much information about the difference.
We clear up the confusion between enacting your Right to Manage and buying your freehold through Collective Enfranchisement.
Choosing the right solicitor is not like buying a new dress or suit – there won’t be an opportunity to try on as many as you like for size and comfort before taking the plunge on your final choice.
Collective Enfranchisement gives leaseholders of flats within a building the right to come together to purchase the freehold of the building.
If you’re thinking about buying your freehold through Collective Enfranchisement, you may be weighing up the pros and cons.
The roots of land ownership laws in England go back many centuries, so solicitors must be involved whenever you buy or sell property.
Rhian Radia and Mark Chick at Bishop & Sewell discuss the possible employment implications of purchasing the freehold of a property.
Paul Smith of JB Leitch, provides comment and insight into enfranchisement and some of the potential issues surrounding positive covenants.
Laura Severn, Director at LMP Law, answers one of the questions she hears time after time.
Lee Stafford, Partner at Bishop & Sewell looks at making the right choice when choosing the best solicitor for you.
Consider the following 7 top tips when you consider buying your freehold.
Justin Bennett of LBB Chartered Surveyors looks at the role of the surveyor when considering the route to enfranchisement.
Before tenants can agree to enfranchise they need an idea of the possible purchase price so it is advisable to have a valuation carried out.
The Leasehold Reform Act 1993 gives flat owners the power to club together to force the sale of the freehold of their building.
Belinda Thorpe of Residentsline advises on how to prepare for buying your freehold with the following steps that need to be followed.
Anastasia Mavroudis from Bishop & Sewell provides us with some important advice about managing agents.
If you are thinking of purchasing a leasehold property, there is some important information you should gather about the property.
Mark Chick from Bishop & Sewell LLP advises whether you can buy a freehold if there is a commercial element in the building.
A qualifying tenant requires a long lease, which is a lease of a term of years in excess of 21 years.
What happens if any of the participating residents wish to withdraw after the initial notice has been served on the freeholder to purchase the freehold?
We want to buy the freehold of our building. Are there costs to pay, other than the price of the freehold?
We are buying the freehold of our building collectively. How do we split the costs between us?
We are in the process of trying to buy our freehold but we can’t agree the premium or other terms. What can we do?
If you cannot agree the premium or other terms you can apply to the FTT for them to determine the terms.
Justin Bennett of Langley Byers Bennett explains the role of the surveyor when considering the route to enfranchisement.
Buying a flat with a share of freehold usually means that the purchaser will receive a share in the landlord company.
Some private estates have both freehold houses and blocks of leasehold flats. All homeowners will be expected to pay for the upkeep of the communal areas on the estate.
