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 […]
Ground rent is a periodic payment made by leaseholders to the freeholder as part of their lease agreement. While many ground rents are manageable, some can be considered “onerous” due to being excessive, having frequent increases, or complex terms that create financial strain for leaseholders. Understanding onerous ground rent is vital for property owners and […]
When purchasing a freehold property, one of the key elements to grasp is the cost and structure of solicitor fees. These fees are more than just numbers on an invoice, they represent the cost of ensuring legal compliance, safeguarding your interests, and facilitating a smooth transaction.
Ground rent is a term familiar to many leaseholders, yet its implications can often be unclear. Understanding ground rent, especially regarding increases, is crucial for leaseholders. This article aims to clarify whether a freeholder can increase ground rent, examining legal, contractual, and practical aspects.
Understanding the distinction between freehold and leasehold is crucial. Freehold ownership signifies absolute ownership of both the property and the land it sits on, offering various benefits and responsibilities. However, there’s also an option to collectively purchase the freehold, known as share of freehold, which presents its own set of advantages and considerations.
A collective freehold purchase, also known as collective enfranchisement, is a process where leaseholders within a building collectively acquire the freehold, gaining increased control over the management and maintenance of their property.
Breaking News: The King’s Speech featured a brief snippet on Leasehold Reform. We look at the implications and what leaseholders might be able to expect.
Are you a leaseholder who has recently received a notification from the local council of a proposed development of new flats on your roof? If so, this guide is for you.
Whether you’re a leaseholder looking to extend your lease via your collective freehold, or a share of freehold owner looking to grant a lease extension to yourself or other residents of your block, there are a few key things you need to know about the process and associated costs.
At first glance, ground rent and service charges can be intimidating and confusing to try to navigate. But we’re here to share a little expertise to help you better understand what these are, how they work, and how to use them for your benefit.
