Freehold purchase of a block of 4 flats

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    Freehold purchase of a block of 4 flats

    I own the lease of of three flats in a block of four self contained flats.
    A "second party" owns the lease of the fourth flat.
    All four flats are let with AST agreement
    Q - Am I able to purchase the freehold of all the four leashold flats?
    Q - Or am I oblidged to give the "second party" a opportunity to buy their
    leasehold flat
    Q - Or is the present freeholder oblidged to offer the freehold to the "second party" (who of owns the lease of the fourth flat.)

    Jacob Oliver

    #2
    Yes, you are able to purchase the freehold. Is the freeholder selling the freehold? If the freeholder wished to dispose of the freehold, they would probably have to offer it to all of his lessees for first refusal.

    Comment


      #3
      Freehod purchase of a block of four flats

      Poppy thanks for your comments

      Yes a inclusive price has been agreed for all four flats but your reply says that the Freeholder "probally" has to offer the Freehold to the "other party"

      Who knows please does probally mean they "must" offer to the "other party"

      And please comments to my other questions

      To Paul F - I am sure that you will know the answer to these queries

      Jacob Oliver

      Comment


        #4
        Try the Leasehold Advisory Service website www.lease-advice.org. Go to their link freehold purchase for flats www.lease-advice.org/cegsframe.htm. You should find better answers there.

        I don't recommend that you try to do a private deal with the freeholder whilst (intentionally?) cutting out the other lessee. It's almost certainly a contravention of some housing act or other...

        Comment


          #5
          Freehod purchase of a block of four flats

          Poppy I am sure that you are right it would not be helpful if I tried to cut out the other leaseholder

          I have also learnt that the present Freeholder has by "law" to inform the other leasholders about this matter and to give them an opprtunity to share this purchase.

          Poppy thanks for the website address - I have to say that I am surprised that that this fairly important subject did not create more response - perhaps it has been all said before.

          Jacob OLiver

          Comment


            #6
            I think that the reason for the lack of response is because most leaseholders who rent out their property (and therefore become landlords and post on this forum) do not actually own the freehold of the building. They therefore are not always aware of the rights and responsibilities of the freeholder.

            I have owned the freehold of a block of flats (which is actually a house converted into 3 flats) for 10 years. I make it my business to know both my rights as a freeholder and my lessees' rights.

            Comment


              #7
              freehold purchase of a block of 4 flats

              Our landlord has owned the freehold in 3 of the 4 flats in our block for 21 years, but purchased the separate freehold in the 4TH flat from the former leasehold owner who did not inform any of her 3 neighbours about the transaction. (She owned the separate freehold in her leasehold flat for 12 years)

              We would all have purchased the freehold title from the former leasehold owner if we had know about the transaction.

              Please advise.
              moonface

              Comment


                #8
                I do not think that RFR applies if the purchase is of only one flat's [severed] f/r.
                JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                4. *- Contact info: click on my name (blue-highlight link).

                Comment


                  #9
                  freehold purchase of a block of 4 flats

                  Thank you Jeffrey

                  You say you think RFR may not apply, as only one flat was severed, But I need to know if it is a fact RFR did not apply.
                  moonface

                  Comment


                    #10
                    So read LTA 1987, please. It should say.
                    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                    4. *- Contact info: click on my name (blue-highlight link).

                    Comment


                      #11
                      Originally posted by jeffrey View Post
                      I do not think that RFR applies if the purchase is of only one flat's [severed] f/r.
                      It seems to does. See section 1 (2) (a) of the Landlord and Tenant Act 1987:

                      (2) Subject to subsections (3) and (4), this Part applies to premises if—
                      (a) they consist of the whole or part of a building

                      Comment


                        #12
                        Originally posted by Lawcruncher View Post
                        It seems to does. See section 1 (2) (a) of the Landlord and Tenant Act 1987:

                        (2) Subject to subsections (3) and (4), this Part applies to premises if—
                        (a) they consist of the whole or part of a building
                        True, but s.1(2)(b) disapplies the Act if the part-building contains only one flat!
                        JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
                        1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
                        2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
                        3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
                        4. *- Contact info: click on my name (blue-highlight link).

                        Comment


                          #13
                          Originally posted by jeffrey View Post
                          True, but s.1(2)(b) disapplies the Act if the part-building contains only one flat!
                          Careful consideration of the wording suggests you may well be right. I took it to mean that the right does not apply where the building of which the premises to be disposed form part only contains one flat.

                          The wording would seem to allow individual flats to be disposed of separately to different associated companies.

                          Comment


                            #14
                            conveyance of reversion of one flat only

                            right of first refusal would not apply. same if the freeholder conveyed reversion of, say a lock up garage held on a parallel lease.........

                            Comment


                              #15
                              Can I throw in a "Baldrick" question?

                              What's the difference between buying the freehold & buying the ground rents?

                              Comment

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