| Frehold flat [message #390222] |
Fr, 19 Mai 2006 13:40 |
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Is it necessary to have a lease when you buy a freehold flat? The flat is
one of 12 in a block and each flat owner owns 1/12th of the freehold of the
block.
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| Re: Frehold flat [message #390223 ] |
Fr, 19 Mai 2006 13:47 |
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In message <N8ibg.1257$bY4.174 [at] newsfe5-gui.ntli.net>, Stickems.
<Stickems.? [at] last.invalid> writes
>Is it necessary to have a lease when you buy a freehold flat? The flat is
>one of 12 in a block and each flat owner owns 1/12th of the freehold of the
>block.
In practical terms, yes.
Many lenders will not lend on freehold flats, making them difficult to
sell etc..
--
Richard Faulkner
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| Re: Frehold flat [message #390227 ] |
Fr, 19 Mai 2006 15:00 |
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Stickems. [at] last.invalid (Stickems.) wrote:
> The flat is one of 12 in a block and each flat owner
> owns 1/12th of the freehold of the block.
Our block of 36 is run as a limited company, which owns the freehold. We
each have a share in the company and I suppose we could decide not to
extend our lease when it next comes up. I suspect we might though. :-)
Andrew McP
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| Re: Frehold flat [message #390245 ] |
Fr, 19 Mai 2006 19:53 |
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"Stickems." <Stickems. [at] last.invalid> wrote in message
news:N8ibg.1257$bY4.174 [at] newsfe5-gui.ntli.net...
> Is it necessary to have a lease when you buy a freehold flat? The flat is
> one of 12 in a block and each flat owner owns 1/12th of the freehold of
> the
> block.
>
>
Have the freeholders set up a management company? If so, it may well be
that the company has created leases, which a lot of lenders will accept.
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