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barnlettings
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Last Activity: 11-02-2019, 13:52 PM
Joined: 05-02-2019
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  • Good question and a bit lost in time now. We orignally bought the freehold between us around 2005. I think we just paid equally and started up the company with zero balance. Pretty sure there is no 'loan account'. The payments into the service account vary depending upon size of flat, but I think this...
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  • Thanks for your quick response!

    Yes, the freehold is owned by the management company, which is shared at one share each for the six freeholders. The two new leaseholders have become shareholders in place of the old (and are therefore enititled to benefit).

    I have a concern...
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  • barnlettings
    started a topic Proceeds of Freehold Sale

    Proceeds of Freehold Sale

    Hi,

    I wonder if anyone could give me some advice please?

    A few years ago, six out of seven leaseholders from our flats purchased the freehold, extended our leases and set up a management company giving one share each to the six participating flats.

    The last remaining...
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