As a leasehold property owner, you may be wondering if it is worth buying the freehold of your flat. After all, owning the freehold gives you a greater sense of security and control over your property.
What is Right to Manage?
The Right to Manage (RTM) is a legal option for leaseholders (flat owners) to take control over the way their building is looked after and to decide how their money is spent. It was first introduced through the Commonhold and Leasehold Reform Act in 2002.
Right to Manage vs Collective Enfranchisement
Welcome to our guide on Right to Manage vs Collective Enfranchisement. Whether you’re a flat owner, tenant or landlord, this guide will help you understand the intricacies of these two important legal rights that can affect your property.
The Freehold Collective Wins Project Manager of the Year 2022
The Freehold Collective, a partnership dedicated to helping leaseholders acquire the Freehold of their building, has been recognised as the winner of a brand new award, Project Manager of the Year, at the prestigious Enfranchisement & Right to Manage Awards.
Leaseholder vs Freeholder: Definitions & Responsibilities Explained
The terms “freeholder” and “leaseholder” refer to the owners of both freehold and leasehold properties respectively.
The Meaning of a Peppercorn Ground Rent
In The Oxford English Dictionary, the rather unique term “peppercorn rent” is defined as “a low or minimal rent”. However, this definition isn’t quite in line with modern property law. The Leasehold Reform (Ground Rent) Act 2022 legally defines a peppercorn rent for the first time as ‘an annual rent of one peppercorn’. The Act […]
The Right to Manage Pros and Cons
Homeowners and property owners have the right to manage their own buildings, but what are the pros and cons? Read on to find out.
Deferment Rate: Who should care?
The deferment rate is a key factor in calculating the premium a flat owner must pay their landlord for a lease extension or a share of freehold and it is likely that the long-established approach will soon be up for review. If you are not certain if this affects you, think again. The residential property […]
Service Charges: A Summary Of Tenants Rights And Obligations
Service charges can be a contentious subject, especially if leaseholders aren’t aware of their legal rights. So, understanding what they must do, and what protection they have, in the face of paying service charges, is important for all tenants.
How To Buy Your Freehold Guide
When you first approach buying the freehold, it can seem complex. Many leaseholders who wish to purchase their freehold often wonder where they should start, and do not have the complete picture of exactly what’s involved at each stage of the process.