Buying the Freehold Q: We have had several issues in the sale and purchase of 3 of the 14 flats in recent years due to having an absent landlord (dissolved company) and the freehold is held by the Crown. 1. As a result we wish to buy the freehold and all the owners are in …
First Refusal Q: Our landlord has made a right of first refusal offer to sell us the freehold. It is my understanding that during the 12 months following the notice he cannot sell to a third party at a lower price without re-offering it to the tenants. Should the 12 months expire without a sale …
There are two matters we should value your advice on: 1) We have recently been offered the opportunity to purchase the freehold of the property. This offer came through the agents for the Freeholder. No price has so far been mentioned. I have never heard of a flat owner holding a freehold. I don’t know …
I have recently taken over as Secretary of our residence association. I have found inconsistent information on file and hope you may be able to provide some clarification on a number of issues. The development was completed in 1986 and comprises of 13 freehold properties (terrace of houses), 3 leasehold flats beneath the flats are …
We are in the process of buying the freehold of our property and are aware that we need to set up a company to hold the freehold. Can the FPRA provide templates for the Memorandum and Articles of Association? Also, does it have any guides for this process that it can recommend? The FPRA …
Some time ago we asked about contributions to the upkeep of our private road from other households who have access over it. We now enclose a copy of the land registry plan which goes with the lease as requested by yourselves. There is a proposed development of 14 houses all of who will be using …
We are a block of ten flats. We have been negotiating the purchase of the freehold for 18 months with the help of a solicitor. But we have just been informed out of the blue by the freeholder that he has sold it to another party (a company associated with the freeholder’s company). We think …