FTB - lease question

economic

i doubt you will be able to guarantee the purchase of the freehold and theres also no guarantee the leaseholders will want to buy and the less leaseholders that are willing to buy the more the freehold will cost you.

i would assume lease extension at the very least so make sure section 42 served so at least you can extend the lease.

how is the buildign managed and are service charges reasonable?

eddddy

Firsttimehelpneeded wrote: »

The freehold is offered to everyone by the landlord. They have done it in the past and only a handful of people in the building have taken it up. Doesn't seem to be one where the leaseholders need to collectively buy them out.

You've misunderstood - or perhaps been misled.

It is only possible to buy the freehold of the entire building.

Some people (particularly EAs) call a 999 year lease a "virtual freehold" - but that is not a legal term. It just means it's almost like a freehold.