Commonhold property ownership in the UK was introduced as an equitable alternative to the traditional leasehold system. Despite its benefits, it remains significantly underutilized, with fewer than 20 registered commonhold developments currently in the UK. In comparison, the total number of properties in the same area far exceeds the number of commonhold properties, highlighting the […]
Many flat owners in the UK own their homes on a leasehold basis, often unaware of how much this legal structure can impact long-term security and property value. If your lease term is approaching expiry (or even dipping below critical thresholds like 80 years) it’s crucial to act before your rights narrow and costs rise. […]
When you live in a leasehold property, your home might feel like it’s truly yours; but legally, many decisions about the building’s upkeep aren’t in your hands. One of the biggest grey areas is major works: large-scale repair or improvement projects initiated by the freeholder (or their managing agent) that can lead to substantial service […]
If you’re exploring how to value the freehold of a block of flats, working out its approximate value is an essential first step. Key factors include understanding the freehold interest, current market value, possible purchase price, reversionary value, marriage value, ground rent payable, investment value, freehold value, and the present value of future income streams. […]
If you’re buying a flat in England or Wales, you’ve likely come across the term “leasehold”, but what does it really mean for you as a buyer or homeowner? This guide will walk you through the basics of leasehold flats, how they compare to other types of ownership like collective freehold purchase, the key pros […]
One common misconception we see is that people often assume solicitors are the go-to choice for every aspect of property transactions. While a solicitor’s role is essential for legalities, they may not actually be the best option for managing your freehold purchase. In this guide, we’ll answer the all important question “Do I need a […]
Freehold acquisition allows leaseholders to gain full ownership of their building and land, offering greater control over property management, costs, and long-term value. This guide explains the process, benefits, and responsibilities involved in collective freehold acquisition for leaseholders, helping leaseholders make informed decisions about their property. What is Freehold Acquisition For Leaseholders? Collective freehold acquisition […]
If you’re a leaseholder in a flat, understanding your rights under Section 20 of the Landlord and Tenant Act 1985 is key, especially when it comes to costly building maintenance. Section 20 sets out legal consultation requirements that landlords must follow before carrying out major works. These rules are in place to protect leaseholders from […]
Leasehold properties, specifically flats, come with a balance of rights and responsibilities shared between leaseholders and freeholders. While freeholders hold significant authority over building maintenance, common areas, and ground rent collection, leaseholders have specific protections and pathways that can help them secure greater control. Understanding the dynamics of these rights is essential for leaseholders looking […]
With all the talk around Freehold and Leasehold Reform throughout 2024, it can be hard to understand if any freehold purchase legislation has changed or is changing. That’s where we can help. We’re regularly checking in with and contributing to the state of freehold purchase law in the UK, as helping leaseholders buy their freeholds […]
