Section 157, Right To Manage and buying Freehold

ryanturner21

I own a flat in Dorset which is leasehold. I am about to start the right to manage process with 2 other owners in my block of 4 flats with a RTM company. It is currently owned and run by Magna Housing Assosiation.

I may look to buying the freehold from magna housing to the block in the future.

The flats all have a section 157 imposed on them (can only sell to someone with connections to the area)

The descision is made by magna housing themselves.

Can I get rid of the section 157 myself if I eventually buy the freehold? And could I possibly get rid of any clauses on the lease when I buy the freehold?

G_M

ryanturner21 wrote: »

The flats all have a section 157 imposed on them (can only sell to someone with connections to the area)

The descision is made by magna housing themselves.

Can I get rid of the section 157 myself if I eventually buy the freehold? And could I possibly get rid of any clauses on the lease when I buy the freehold?

1) Maybe. Was it imposed by the freeholder or the local authority?

http://www.legislation.gov.uk/ukpga/1985/68/section/157

2) Yes. Provided all the leaseholders and freeholder, agree.

ryanturner21

Thanks for your response, the section 157 was imposed by the housing association and they have said they have coted on a few occasions wether to remove it and have voted not to.
However, if we became freeholders could we vote to remove it?