We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Extending lease same time as purchase??????
Comments
-
propertyman wrote: »No that's not entirely correct. Not picking out your post though
Irrespective of the identity or ownership of the Landlord ( head lessor or freeholder, other flat owners or BV tax haven outfit )* they are free to negotiate and free to refuse.
The leaseholder in any of those situations* has after 2 years of ownership the right to claim a lease extension against their wishes.
A buyer can agree to take an assignment of the right to extend if exercised by the vendor.
* There are some exempt landlords
Indeed, as I said "all the leaseholders have a share in the freehold and agree to waive the waiting period/ charges."Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
Well what you actually posted, in full, suggested a distinction between a freehold owned externally and one by flat owners.
The rules and the option to refuse or negotiate applies in the same way in either case.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards