A growing number of leaseholders are investigating the possibility of buying the freehold of their house or flat. Barr Ellison has become one of the leading firms in the Cambridgeshire area acting for leaseholders in this field.
The advantages to leaseholders are clear – it allows them to manage their own building and grant themselves long leases. However, the process can be complicated, particularly where flats are concerned.
We can assist with the following transactions:
Blocks of flats
• Purchase of the freehold of a block of flats under the Landlord and Tenant Act 1987 (where the landlord offers the freehold to the leaseholders) – refer to Guide on Right to Buy Your Freehold below
• Purchase of the freehold of a block of flats under the Leasehold Reform, Housing and Urban Development Act 1993 (where the leaseholders initiate the process) – refer to Guide on Right of First Refusal below
• Purchase of freeholds under the Leasehold Reform Act 1967
If you receive any notice from your landlord, you should make contact with us as soon as possible, as there are strict time limits imposed.