If you are using the Leasehold Reform Act 1967 you can apply to the First-tier Tribunal (Property Chamber) to determine the price. However, if you are privately negotiating you cannot apply to the Tribunal and so it is a matter for negotiation.
Buying the freehold can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
More information you might find useful:
- Houses – Qualification and Valuation
- Application to the First-tier Tribunal (Property Chamber)
- Application Form – Leasehold Enfranchisement: Price Payable Houses and Premises
- More Frequently Asked Questions on Houses – Enfranchisement and Lease Extension
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