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Frequently Asked Questions
- I own a leasehold house. How much will the freehold cost?
- I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
- How can I buy the freehold of my building?
- How long can I extend my lease for?
- Why do I have to extend my lease?
- I own a leasehold house. How do I buy the freehold?
- What will it cost to apply to the Leasehold Valuation Tribunal (LVT)?
- What happens if we cannot agree on how much the lease extension should cost?
User FAQs
The freehold has been sold to one of the leaseholders in the building without notifying the others or giving the option to purchase. Is this permissable?
Where a landlord is proposing to dispose of his interest in a building containing flats he may be required by law to offer a right of first refusal to the leaseholders. Where the right exists, the landlord must serve formal notices on the leaseholders telling them what he is intending and must provide time for them to consider the offer; he cannot sell to another party during that time, nor offer the interest to anyone else at a price less than that proposed to the leaseholders or on different terms.
Breach of these legal obligations by the landlord is a criminal offence. If the landlord sells without providing the right of first refusal, a majority of the leaseholders can serve a notice on the new owner demanding details of the transaction, including the price paid; they can then take action to force the new owner to sell to them at the price he paid.
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