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  • FIRST POST
    • ryanturner21
    • By ryanturner21 27th Mar 18, 4:19 PM
    • 2Posts
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    ryanturner21
    Section 157, Right To Manage and buying Freehold
    • #1
    • 27th Mar 18, 4:19 PM
    Section 157, Right To Manage and buying Freehold 27th Mar 18 at 4:19 PM
    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?
Page 1
    • G_M
    • By G_M 27th Mar 18, 5:05 PM
    • 44,124 Posts
    • 52,316 Thanks
    G_M
    • #2
    • 27th Mar 18, 5:05 PM
    • #2
    • 27th Mar 18, 5:05 PM

    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?
    Originally posted by ryanturner21
    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
    • By ryanturner21 17th Apr 18, 8:38 AM
    • 2 Posts
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    ryanturner21
    • #3
    • 17th Apr 18, 8:38 AM
    Thanks
    • #3
    • 17th Apr 18, 8:38 AM
    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?
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