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Most popular advice guides

Service charges and other issues

Service charges, administration charges, ground rent, recognised tenants associations and forfeiture. For a brief summary...

Leasehold Extension – Getting Started

The right to extend the lease of a flat under the Leasehold Reform Housing and...

Living in Leasehold Flats – A guide to how it works

The nature and typical rights and obligations that relate to the ownership of a leasehold...

Section 20 Consultation for Private Landlords, Resident Management Companies and their Agents

Consultation for qualifying works to a building and qualifying long-term agreements. Purpose of this booklet...

Leasehold Houses – Buying the freehold – Qualification and procedure

Qualification requirements for a tenant to buy the freehold of their leasehold house and outline...

Right to Manage

The right for leaseholders of a building containing flats to take over the management of...

We are buying the freehold of our building. How do we split the costs?

This division of the premium and the costs when leaseholders purchase the freehold is not stated in the law. The leaseholders who want to buy the freehold have to agree this between themselves.

It is important to agree on this point before starting the process. You may wish to enter into a Participation Agreement to make sure all the participating leaseholders provide funds in the agreed proportions. To see an example of a Participation Agreement you can click here.

Buying the freehold can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.


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