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So, can't the original owner of the house and land decide whether to offer freehold or leasehold agreements?
by golergka 9y ago
So, can't the original owner of the house and land decide whether to offer freehold or leasehold agreements?
- KaiserPro 9y agoYes and no. For leasehold house, then its very simple, the leaseholder can buy the freehold. Or the freeholder can make an offer to the leaseholder. For a block of flats, its a bit more complex. If a majority of the leaseholders club together, they can buy the freehold, and create their own management company. This sets out in more detail how and when things can happen: https://www.lease-advice.org/advice-guide/houses-qualification-valuation/ https://www.lease-advice.org/advice-guide/houses-qualificati... The recent scandal about doubling ground rents can be rectified if the leaseholder buys the freehold, but that is expensive, especially as the houses are effectively unmortgageable