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Frequently Asked Questions
- I own a leasehold house. How much will the freehold cost?
- I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
- How can I buy the freehold of my building?
- How long can I extend my lease for?
- Why do I have to extend my lease?
- I own a leasehold house. How do I buy the freehold?
- What will it cost to apply to the Leasehold Valuation Tribunal (LVT)?
- What happens if we cannot agree on how much the lease extension should cost?
Frequently Asked Questions
My landlord has served me with a notice under Section 5a of the Landlord and Tenant Act 1987 offering the freehold of my building, what do I do?
You should refer to the notice in order to establish the date for acceptance. Your landlord must give you at least 2 months to respond. A valid acceptance notice has to be collectively served by the requisite majority of the qualifying tenants. This is 51% of the flats which are held by qualifying tenants. The leaseholders accepting must nominate a purchaser. This could be a company that they form to take over ownership of the freehold.
More information you might find useful:
- Am I a qualifying tenant for the purposes of the right of first refusal (RFR) under the Landlord and Tenant Act 1987?
- Right of First Refusal
- More Frequently Asked Questions on Right of First Refusal
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