Hi folks,
I’m in need of a bit of advice if anyone can help?
I own and live in a flat in a purpose built block. There is only two flats, so another one upstairs from mine. A little while ago, the option came available for me to buy the freehold of the building, so I did. So I own the whole freehold.
I’m now coming to sell my flat and I’m not too sure what to do about the freehold situation. I was initially going to sell my flat with the whole freehold but then my upstairs neighbours told me they had First right to refusal.
My solicitors have said that I can basically do what I want, so sell part of the freehold or the whole freehold to whoever I want - but I’m not 100% confident with what my solicitors are telling me.
So I basically want to know do I have to offer the freehold or a share of the freehold to the upstairs tenants first, or can I go ahead and sell the whole freehold to the new buyers of my flat?
My goal is to sell my flat as quickly as possible, I’m not bothered on trying to make the most money from the freehold. I’m thinking to sell a share of the freehold to the buyers of my flat and retain a share myself. Then I can sell the other share of the freehold to the upstairs tenants once I’ve sold my flat. Am I allowed to do this?
Any advice much appreciated
David
I’m in need of a bit of advice if anyone can help?
I own and live in a flat in a purpose built block. There is only two flats, so another one upstairs from mine. A little while ago, the option came available for me to buy the freehold of the building, so I did. So I own the whole freehold.
I’m now coming to sell my flat and I’m not too sure what to do about the freehold situation. I was initially going to sell my flat with the whole freehold but then my upstairs neighbours told me they had First right to refusal.
My solicitors have said that I can basically do what I want, so sell part of the freehold or the whole freehold to whoever I want - but I’m not 100% confident with what my solicitors are telling me.
So I basically want to know do I have to offer the freehold or a share of the freehold to the upstairs tenants first, or can I go ahead and sell the whole freehold to the new buyers of my flat?
My goal is to sell my flat as quickly as possible, I’m not bothered on trying to make the most money from the freehold. I’m thinking to sell a share of the freehold to the buyers of my flat and retain a share myself. Then I can sell the other share of the freehold to the upstairs tenants once I’ve sold my flat. Am I allowed to do this?
Any advice much appreciated
David
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