Selling of freehold, shareholder refusal

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    Selling of freehold, shareholder refusal

    My husband had an offer on his flat back in April 2019, he owns 25% of the freehold and 100% of the leasehold on his individual flat. Unfortunately, one of the owners died so he had to wait for the family to get probate. In the meantime the other 3 freehold owners signed ID1 and TR1 forms and a deed of variation. These expired while waiting for the probate and now one of the freehold sharers is refusing to sign. What can we do about this? Please help!!

    #2
    Why is this person refusing to sign? Have the owners formed a management company to administer the block? It does not usually need all signatures.



    Freedom at the point of zero............

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      #3
      If a freehold is vested in four owners and one dies then (absent some restriction on the register - which would be unusual) you do not need to wait for probate of the deceased owner to transfer the freehold. I also do not understand how the documents executed have expired.

      Whilst not entirely satisfactory, you can get round one freeholder not signing by transferring your 25% equitable interest to the purchaser.

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