Hi all,
I wonder if anyone can help.
I own a top floor flat which is share of freehold. I would like to do a loft conversion but would need consent from the rest of the freeholders. The 4 freeholders form a ltd company of which we are all directors.
It is likely that one of the freeholders is likely to refuse permission. Does majority rule in this instance, if only the 1 freeholder refuses permission, is it possible to still go ahead if the rest agree?
The other likely scenario, is that even if this troublesome freeholder somehow agrees, they are likely to ask for a unreasonably large compensation. If the 3 of us agree on an amount lower than that, again can that be pushed through due to the majority?
Thanks for any advice
I wonder if anyone can help.
I own a top floor flat which is share of freehold. I would like to do a loft conversion but would need consent from the rest of the freeholders. The 4 freeholders form a ltd company of which we are all directors.
It is likely that one of the freeholders is likely to refuse permission. Does majority rule in this instance, if only the 1 freeholder refuses permission, is it possible to still go ahead if the rest agree?
The other likely scenario, is that even if this troublesome freeholder somehow agrees, they are likely to ask for a unreasonably large compensation. If the 3 of us agree on an amount lower than that, again can that be pushed through due to the majority?
Thanks for any advice
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