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podski111 wrote: »
When i moved into my leasehold flat the freeholders lived in Australia...................................Sorry if I am being a bit question heavy!!
retro1981 wrote: »
Does anyone know where I stand on this and if I can buy freehold, since it is a council and not a private agency?
mouldylocks wrote: »
Thank you, Sajel, for taking the trouble to advise me.
Can you advise on how I would check my neighbour's lease? Would I have to contact her (she lets out her flat) and ask to see it?
peteshev wrote: »
I have a top floor leasehold flat in a converted house (two flats) and I want to buy the freehold, is it true that I need both owners to buy the freehold?
The owner of the ground floor flat does not live there and has people renting. I have no way of contacting the owner as the couple renting will not pass on the details of the owner. Can I just go ahead and purchase the freehold?
SKPatel wrote: »
Unfortunately, both you and your neighbour will need to participate in order to buy the freehold. .
propertyman wrote: »
That's not entirely correct I am afraid.
As there two qualifying leaseholders the landlord must offer the freehold to all leaseholders-aka right to first refusal.
If you cannot agree to purchase the freehold within the time frame, then the freeholder may sell it to you, this is not as suggested a work around, as it is exactly how the Act ( the law) intended for things to be.
More commonly where a majority want to remove the freehold from the freeholder but lack the ability or will to do so themselves, they can nominate a purchaser. In this case you and the other flat exercise the right to buy and you are nominated as the nominated purchaser.
If the freehold is owed by a company and the freehold is the sole asset ( and there are no liabilities) you can purchase the company without triggering the right to first refusal.
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