Freehold

Smodlet

Best of luck, ladymarmalade.

G_M

ladymarmalade222 wrote: »

I have downloaded it and it doesn't say anywhere that I own the freehold. It still states the peppercorn rent.

It's not the end of the world, the solicitor has confirmed it will be 6 years at £2. I can live with that 😂

Thanks again

So who does it say does own it? Probobly on page 1 'Register Extract' it will say: "Registered Owner(s)" followed by..... who?

If you go through your cheque stubs, or ask the bank, you should be able to determine if the £50 was paid/cashed.

ladymarmalade222

I am noted as registered owner and also title absolute.

It does mention at the bottom about the old rent charge from 1902.

It's confusing to myou muddled head at the moment.

I would not have cheque stubs from 12 years ago either so would be out of luck with that.

It is a terraced house but only myself and next door had the same ground rent people.

Xx

G_M

ladymarmalade222 wrote: »

I have downloaded it and it doesn't say anywhere that I own the freehold.

I am noted as registered owner and also title absolute.

:huh: :huh: :huh: :huh: :huh: :huh: :huh: :huh: :huh: :huh: :huh: :huh:

ladymarmalade222

So does that mean I own the freehold??

Sorry GM it is confusing the hell out of me, I will admit I am blonde but my illness does mess with my brain so I have a bit of an excuse 😁

davidmcn

If you currently have a solicitor dealing with things, leave it to them to clarify who has the freehold.

G_M

Well, there's blond, and then there's blond!

What part of "Registered owner" is hard to understand? The "registered" part or the "owner" bit?

(Sorry but I'm genuinely puzzled!)

If the peppercorn rent remains payable, then I suggest you send yourself an invoice, and then send yourself the payment.

Having said that, who does the Title say the peppercorn is payble to? It may be a 3rd party - not the freeholder.......

Richard_Webster

It does mention at the bottom about the old rent charge from 1902.

So is it a freehold property subject to a rentcharge? You would still have to pay an annual sum but there is no lease - you own the frehold subject to paying this annual amount.

You can buy out the rentcharge but you should still have had paperwork to show you had done this and the reference to it should have been removed from the Land Registry title.

EssexHebridean

OK - first thing is to say that your property will have two title numbers at the Land Registry - there is the Leasehold title - which you will be registed on for definite as you are the current owner of the lease. On that title document the description of the property in Section A will be shown as "The Leasehold Land..." and it will also show details of the current lease - this may or may not have your name on it - but if it doesn't, don't worry. In Section B it should have your name. The document you need is the Freehold Title document - and on that one the property details will show as "The Freehold Land..." and in section B it will tell you who is the current freeholder - or more likely freeholderS - as presumably your neighbour was also offered the chance to buy their share.

You do need to know, as there may be certain obligations, and if it transpires that you own the freehold for both properties, that may give you problems down the line.

Your current solicitor dealing with the sale should have copies of both these documents already - ask them to email them to you, you don't need to pay for them again!

EssexHebridean

Smodlet wrote: »

I would suggest you need to get this sorted out. Surely a freehold property is worth more than a leasehold one? Plus, if you paid £50 for something, anything, you should darned well get it, I should think.

Perhaps it is not worth the hassle to you but, were I your buyer and under the impression I was buying a freehold property, I might just walk away on discovering I was not.

This isn't as relevant as you may think. The buyer will as default be buying a leasehold title in any event - the OP is under no obligation to sell the freehold title (assuming they do own it) and on a long (999) year lease - which I would imagine hers is, it'll make precious little difference to the price.

On that note though, my guess is that the solicitor would by now have flagged up to her that she was also a part owner of the freehold, if this were the case.

OP - the Leasehold Title would continue to mention the rent (Which you say is £2 per annum, not a peppercorn) as the Leasehold Title will remain active. If it transpires that you DO own the freehold, then congratulations, you owe yourself back-rent...don't spend it all at once!)