Enfranchising from a company I'm already a member of.

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    Enfranchising from a company I'm already a member of.

    The estate I live on has 2 blocks. All the leaseholders are members of the company which owns the freehold and manages the block ("Share of freehold").

    Suppose one of the 2 blocks decides to go it alone - so in other words gain the freehold from a company they are already a member of and own a part of?

    Does anyone have any real life experience of this happening? Please don't ask the question "why?", as there are some very good reasons that I don't feel it would be relevant to go into here.

    What would happen to the common grounds in this case? Both blocks are roughly the same size (one is a bit bigger than the other), but there are shared garden and parking areas.




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