Income from lease extensions?

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    Income from lease extensions?

    Hi All,
    I`m offered to buy a flat which has 25% of a freehold of an apartment block, i am also promised that once i become a share of freehold owner I should be able to extend my current low lease of 50y at no cost, which sounds like a good deal if it is true, although I do not see how this can not happen for a freeholder.
    I am wondering, provided that I will become a 25% freeholder of the whole building - and other flats at some point would want to extend their leases, would i financially benefit from premiums paid for such extensions?
    or these premiums will simply go into sinking funds of the property. Sadly I can not ask other freeholders at this time as it is an executors flat.

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