Do you own a flat that comes with a leasehold? Want to make a Freehold Purchase for the property but not sure where to begin? If you don’t want to consider a Lease Extension and think a Freehold Purchase is the way forward there are ways to keep things simple. A Freehold Purchase means you’ll be free of landlord control and be able to make changes to the property without having to negotiate with third parties. Freehold Purchase is popular with groups of people that want greater control over the building they live in. It can be rather complex though and if you enter into a Freehold Purchase without knowing what you are doing it can quickly spiral out of control.
Some people are happy with their landlords and they simply opt for a Lease Extension instead. However, if the residents in your block of flats aren’t happy with the managing agent they could join together and make a Freehold Purchase that gives them total control over the building. Appoint a trustee that can take charge of the day-to-day running of the flats and once you make the Freehold Purchase it makes life so much easier for the tenants in the building. With a Freehold Purchase you can manage the upkeep of the building and its communal areas and not be tied by a managing agency or a freeholder.
One of the first things to do if you are considering a Freehold Purchase or a Lease Extension is to seek professional advice. Find out where you stand with a Freehold Purchase whether you want to buy the freehold for a flat or a private house. It’s a good idea to get a solicitor involved from the beginning and the services of an expert in leasehold enfranchisement would be useful at this point too. They can put you in the picture with regards to a Freehold Purchase so you are forewarned and forewarned from the beginning. George Pope is a prime example of an expert in leasehold enfranchisement and he can advise you about purchasing a freehold or a Lease Extension. You’ll find him online at www.georgepope.com so look his business up if you need a little expert advice in the future.
Freehold Purchase by georgepope.com. Visit their website today if you’re looking for Lease Extension.
