If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
What's the difference between buying the freehold & buying the ground rents?
Usually none. However, you could have a situation where A grants a long lease of a block to B, and B sublets the individual flats on long leases reserving a ground rent.
We have several rented out properties which we have inherited and have been left in Joint 50/50 ownership with another family member, We want to continue renting out but the other family member wants to sell his share.
We have been told by our accountant we can swap properties of even value...
If one of the 50:50 properties happens to be the "private residence" of other family member , you should allow in the swap that he receives the other 50% of the private residence ( to make up 100% ownership.)
Private residence is relevant after property sale for claiming...
Hello
we are on the final stages of purchasing a flat which was purpose built 3 years ago by a prestige developer to a high standard with lift nice kitchen fancy doors and windows.
When reading the lease we noticed that it mentions about bedroom and hallway needed to have underlay and...
So basically I cannot fight it without paying a big bill.
so only choice is to pull out and face a big bill or pay for carpets Overton of nice flooring and paying again to have two doors trimmed.
Tototally frustrated....
Looks like all 20 properties were sold without a single person realising that the flooring was wood and not çarpet meaning every one was in breach of their lease from the start.
And the developer who still owns properties there and is registered as the company running the show Newmans Yard Ltd,...
After I noticed it and pointed it out the seller contacted her solicitor and the while can of worms opened,
the seller hit a brick wall with all her attempts of getting answers and finally offered a cash offer for us to complete the work.
But I am not really keen on having doors trimming...
So when was the lease changed? You would have bought the lease from someone else. Leases don't just secretly change at the point of purchase. Nor do they change when the freeholder is changed.
Yes I can see on the photographs the wooden floors in their sales pack.
Comment