Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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  • Freeholder selling but wishes to retain basement
    by Lottiey
    Tenants collectively buying the freehold of block of flats at auction, but the freeholder removed the basement and airspace from the auction listing. How does this work? Will there be 2 freeholds or will the landlord have to be issued with a long lease for the space. There are 12 other units.
    ...
    15-05-2022, 19:21 PM
  • Reply to Freeholder selling but wishes to retain basement
    by sgclacy
    If the property is going to auction, I suspect that the leases may already have been granted for the roof and basement

    If not, then the price of enfranchisement would need to include the potential development value.

    If the building was built post 1945 and prior to 2018 there...
    15-05-2022, 21:04 PM
  • Reply to Changes to lease wording
    by Lawcruncher
    It is difficult to answer your question without reading the lease.

    Obviously anything unduly onerous has to come out. Apart from that it has to be decided what everyone wants, for example with regard to subletting.

    Ideally you need to ensure marketability but with adequate...
    15-05-2022, 20:52 PM
  • Changes to lease wording
    by bigalxyz
    In the process of buying freehold for our building. 9 participants (from 11 flats).

    Our solicitor will extend leases to 999 years for an additional fee if we want to. She has asked, as part of that extension process:

    ÔÇťAre there any amendments that you are seeking to make...
    14-05-2022, 12:27 PM
  • Reply to Freeholder selling but wishes to retain basement
    by Lawcruncher
    Another freeholder who wants to have his cake and eat it.

    How it happens depends on what the auction particulars say.

    Whether it works so far as the air above the roof has on depend on various factors, Do the tenants have rights over the basement?

    I would recommend...
    15-05-2022, 20:42 PM
  • Enforcing sound insulation
    by Swill
    Hi there,

    I'm really hoping someone can help me with this!

    I purchased my top floor flat in Dec 2020 which came with the freehold to the whole building (it's a terraced 2 story). It's split into two flats, both of which are leasehold (I have leasehold for my flat so I'm technically...
    15-05-2022, 09:01 AM
  • Reply to Enforcing sound insulation
    by Anna1985
    If the carpets in the Lease you can enforce it, but why don't you just enjoy the life without the neighbors? Rather than get yourself sick with worry?
    15-05-2022, 11:55 AM
  • Reply to Changes to lease wording
    by sgclacy
    Your faith in such people is refreshing...
    15-05-2022, 11:09 AM
  • Reply to Enforcing sound insulation
    by Gordon999
    In a building originally built as a terrace house, there is no sound insulation in the space between downstairs ceiling and upstairs floor boards because people living downstairs during the day, are sleeping upstairs at night.
    Does the wording in lease for each flat state the floors shall be covered...
    15-05-2022, 10:02 AM
  • Reply to Enforcing sound insulation
    by AndrewDod
    And the lease says......
    15-05-2022, 09:31 AM
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