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 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.
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.
When landlords or freehold owners want to carry out qualifying works to their freehold property, a piece of legislation must be issued that ensures the work is carried out lawfully and with leaseholder permission.
When trying to buy the freehold of their building, qualifying tenants may come across something called the right of first refusal. Freehold right of first refusal applies directly to the immediate landlord, and is written into the Landlord and Tenant Act of 1987.
A share of freehold is when a flat or apartment leaseholder owns a share of the freehold of their entire building.
When perusing property, many people come across terms like “share of the freehold” but aren’t sure exactly what a share of the freehold means.
“Freeholder” is a word that can mean different things depending on the context. For example, freeholders are people who own freehold property and freeholders are also members of the free-holding class in Great Britain. In this blog post, we will be looking at the freeholder meaning in relation to what it means to be a […]
Freeholders are those who own their homes or buildings, plus the land the building is situated on and airspace above it.
When it comes to buying the freehold of a flat, there are many things that leaseholders need to take into consideration.