Dispute with neighbours

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    Dispute with neighbours

    Freehold is owned by RMC. A leasehold is in dispute with the RMC over alleged breach of lease by RMC.

    Someone selling has been asked if she has any dispute with neighbours. Owning a share of the freehold will this be classed as a dispute for her ?

    #2
    If the question on the SPIF was answered correctly by stating that one of the owners of a leasehold property owned by the freeholder is claiming that the terms of their lease has been breached and that the person now selling a different leasehold property has a share in the freehold, it would be up to the prospective buyer to decide whether to proceed.

    It could also be confirmed whether the share in the freehold is to be transferred with the leasehold property, or will only be transferred once the dispute with the freeholder is resolved.

    That would mean the prospective buyer of a leasehold property will not be involved in any dispute.

    In some respects owning a share in a freehold means that here are a number of named owners who own the title jointly.
    That is not a share in a freehold, unless each named person is allocated a defined share percentage.

    If you are referring to a share in a limited company that is the registered freeholder than that shareholder is not in dispute with anyone. The company is.

    Comment


      #3
      Yes. But regardless the freeholder /ma will be asked the same so would be foolish to try to hide it.

      Comment


        #4
        Thanks Pilman for such a clear and helpful response. It is a Company with shares transferred on sale.
        thanks 20z for your additional comment.
        Its for someone else. I believe in being completely open then there can be no comeback.

        Comment

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