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Buying freehold from council. What constitutes two thirds?
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Glenda46
Posts: 2 Newbie
Hi,
I live in a large house converted in to 8 flats. The freeholder is the council. I am a leaseholder. In total there are five leasehold flats and 3 flats which are owned by the council. Myself and other leaseholders would like to buy the freehold but I'm not sure if the 5:3 ratio gives us the majority share under the right to purchase the freehold. Can anyone help?
Thanks
Glenda
I live in a large house converted in to 8 flats. The freeholder is the council. I am a leaseholder. In total there are five leasehold flats and 3 flats which are owned by the council. Myself and other leaseholders would like to buy the freehold but I'm not sure if the 5:3 ratio gives us the majority share under the right to purchase the freehold. Can anyone help?
Thanks
Glenda
0
Comments
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I don't know the rules, but if a 2/3 majority is required then simple arithmetic tells you that 5 out of 8 isn't enough (2/3 = 16/24, 5/8 = 15/24).0
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Thank you. Maths not my strong point. From what I read it's almost impossible to buy a freehold from a local authority anyway.
G0
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