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My management company have sold their interest in the freehold - HELP!
gea04cb
Posts: 2 Newbie
I own a flat, and the management company have just informed me that they have sold their interest in the freehold to another company.
What impact does a change of freeholder have?
What impact does a change of freeholder have?
0
Comments
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In theory non as the lease governs your relationship with the freeholder. However, the new company are in the market for one reason only, to make money. This will involve minimising expenditure and maximising their income, from guess who.
Pete0 -
So you're saying that your freeholder has just sold their freehold interest.
Presumably, you knew about it in advance, as the leaseholders have to be given first refusal.
Some freeholders are aggressive and money-grabbing, others are easy going. I guess you just have to wait and see.0 -
Thanks both
I guess my main worry is that the previous company sold their interest before sorting out a number of issues with the property and I am concerned that the new company won't care about these outstanding issues?0
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