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

The Leasehold Reform, Housing and Urban Development Act 1993 does not address this point and so it is a matter for agreement between the participating leaseholders. It is important to agree on this point prior to 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.

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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