Signing the contracts

Once the price and terms for buying the freehold have been agreed with the landlord or decided by a tribunal, you then have 2 months to enter into a contract to complete the purchase.

If you miss this deadline, your claim is considered to be withdrawn and you may have to pay the landlord’s full legal and valuation costs.

Once the purchase is completed, the nominated purchaser becomes the new freeholder, and takes over responsibility for managing the building.