Tag: freehold
Buying a property with an absent freeholder
If you are buying or you already own a leasehold property and the freeholder is absent or cannot be identified, this can cause problems. We take a look at the situation and how to deal with the difficulties it can create. The freeholder, also referred to as the landlord, has a range of obligations in...
Buying your freehold
If you own a leasehold flat, together with the other homeowners in the building, you might be able to buy it. The difference between a freehold and a leasehold property When you buy a freehold home, you purchase the property, and the land it is built on outright. However, with a leasehold property, you have...
What is collective enfranchisement?
If you own a flat with a long lease (granted for more than 21 years) you have the right to purchase the freehold of the building. This is referred to as collective enfranchisement. Where a landlord or management company owns the freehold of a property that contains flats, the flat owners will be required to...
Flat ownership and the right to manage
If you own a flat, the freehold may be owned by the landlord. This means that the landlord will generally be responsible for carrying out tasks such as arranging for the common areas and the fabric of the property to be kept in good condition, arranging buildings insurance and organising contractors to carry out works....
Protecting your leasehold investment
Over four million properties in England and Wales are leasehold – if yours is among that number, keep an eye on how many years are left on the lease. Any less than 80 and it’s time to extend it. The number of leasehold properties in England and Wales is on the rise. So what does...
