Block of 6 flats (inc. 4 @ peppercorn rent)- value?
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Mysteries of getting clear formula
These responses seem to suggest some experience - I have been trying to find a downloadable or online formula or calculator that will let me work what the cost of purchasing a share of the freehold would be for a leasehold flat that I part own. Any suggestions please?
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Originally posted by Maelich View PostThese responses seem to suggest some experience - I have been trying to find a downloadable or online formula or calculator that will let me work what the cost of purchasing a share of the freehold would be for a leasehold flat that I part own. Any suggestions please?
go to Leasehold Advisory Service website, and select appropriate bit where formulae (with worked examples) will pop up before your very eyes.JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
4. *- Contact info: click on my name (blue-highlight link).
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by Dan350We live in a small block of flats where all the leases have about 90 years left to run. All the leaseholders now want to join together to buy the freehold, but this is difficult because it is owned by a foreign company. The latter’s UK lawyer died a few years ago, and no one has been appointed to...
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Channel: Long Leasehold Questions
12-08-2022, 16:44 PM -
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by Dan350Many thanks for the advice, and will have a look at Hetts....
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Channel: Long Leasehold Questions
12-08-2022, 18:58 PM -
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by LawcruncherNot one to point out typos but I cannot resist that one! Conjures up a picture of a big black bird getting fat on property....
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Channel: Long Leasehold Questions
12-08-2022, 18:53 PM -
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I think you should go for a vesting owner. Ultimately otherwise the freehold will become ownerless and eventually vest in the Crow, The Treasury Solicitor will eventually write to the Registered leaseholders saying that the Crown will disclaim the land unless you buy it. It won't be cheap either, they...
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Channel: Long Leasehold Questions
12-08-2022, 18:20 PM -
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by landingHello!
Any disadvantages of Share of Freehold?
Also why some say 'Freehold/Share of Freehold' but also mention 100 years left on the lease?
Thanks!-
Channel: Long Leasehold Questions
11-08-2022, 20:52 PM -
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by AndrewDodPlenty of "share of freehold" situations still have ground rent (and that is often sensible as otherwise FH Company has no funds). Sure a share of freehold company can offer statutory lease extensions at zero cost, but do not have to. A shareholder has no absolute say as to what a company...
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Channel: Long Leasehold Questions
12-08-2022, 18:11 PM -
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by Dan350Many thanks, will have a look through that.
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Channel: Long Leasehold Questions
12-08-2022, 17:35 PM -
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by LawcruncherI think you can follow the procedure set out in section 26 of the Leasehold Reform, Housing and Urban Development Act 1993:
https://www.legislation.gov.uk/ukpga/1993/28/section/26-
Channel: Long Leasehold Questions
12-08-2022, 17:22 PM -
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by Gordon999Under the leasehold property system, a leasehold flat has a leaseholder ( the tenant under the lease ) and a freeholder ( the landlord who is legal owner of the property )
A holder of a leasehold flat is required to pay annual ground rent and service charge to the freeholder, throughout...-
Channel: Long Leasehold Questions
12-08-2022, 16:24 PM -
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by Al123Not sure what the appropriate subtopic is, so decided to post this here.
A leak happened during the tenancy, and the management company is now forcing me to pay for the repairs to the flat below. All of my appliances and pipework have been thoroughly checked and tested by an independent...-
Channel: Long Leasehold Questions
12-08-2022, 08:08 AM -
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