Freeholder in Administration

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    Freeholder in Administration

    I am representing a group of investors in a property where the developer/freeholder has gone into administration. Two questions - does the administrator now technically own the freehold? and can they demand payment for repairs to the building that the freeholder should have carried out in order to protect their insurance. Would really appreciate the advice. Many thanks

    #2
    You can check online at Land Registry website for the name of current freeholder of your building. You may have to pay £3 by credit card to download. Also check the listing of company at Companies House website.

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      #3
      When a company that owns a freehold has been dissolved, its assets, including the freehold pass to the Crown. This means that the original freehold ceases to exist and a new form of freehold of the building reverts back to the Crown, but without any obligations, such as to manage, maintain and insure etc

      You should try and contact the administrators to see if you can collectively (all leaseholders) can purchase the freehold.

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        #4
        Does the dissolved Company still have any liability connected to the Freehold of the building, e.g any court order, or does it simply cease to exist ?

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          #5
          A dissolved company ceases to exist after the administrator has transferred the assets to the Crown. .

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            #6
            Thanks Gordon, so presumably nobody could claim any money from it because it no longer exists nor is any liability attached to a new freeholder ?

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              #7
              If OP is investor in the freehold company, then all is lost.

              If OP is leaseholder in the property, there may be a chance to buy the freehold title from the Crown.

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                #8
                Thanks. I expect that how Companies avoid guarantee issues.

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