We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Share of freehold bought without consent of freeholder?
Comments
-
I am a joint freeholder of the property with 3 flats. I (leaseholder) and other leasehoder own the freehold as tenants in common with the Declaration of Trust.
Is it possible to sell the flat and keep my share of freehold? The lease has 999 years.0 -
What's the point? If its to earn the £x ground rent, do note that anyone who buys the leasehold will pay that much less for not having the share of freehold.0
-
Of course you can. How do you think people end up in leasehold contracts in the first place?
0 -
HiroA said:I am a joint freeholder of the property with 3 flats. I (leaseholder) and other leasehoder own the freehold as tenants in common with the Declaration of Trust.
Is it possible to sell the flat and keep my share of freehold? The lease has 999 years.
It will substantially change the dynamic of the partnership if one of the freeholders is not also a leaseholder.2 -
You can but is it worth the hassle continuing to have obligations in this area?1
-
Read the OPs previous thread, it all ties into that. I agree it makes no sense, but there is obviously something to all of this.1
-
If your Declaration of Trust with A says that you will add B to the Freehold at a premium agreed between you and A, you cannot just refuse to do this because you don't like or trust B. You both have to follow the terms of the Declaration of Trust. Hopefully this sets out how the premium is to be decided in the event that you cannot agree?
A obviously cannot add B to the freehold unilaterally either. Both of you will need to consent. But there doesn't seem to be any evidence that they are actually trying to do this.
Honestly, it sounds like a shared freehold set up is not working for any of you and you would likely be wise to pay a management company to take over the management of the building. It may cost you all a bit more in fees but at least it would reduce the personal animosity between you over who should be doing what.2 -
The purpose of the Declaration of Trust is to set out how the joint ownership is to work. I would expect it to require you to transfer your interest in the freehold at the same time as selling your flat. If it doesn't then it doesn't seem it was well drafted for your needs.3
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.6K Work, Benefits & Business
- 599.9K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards