The short answer is, ‘no.’ Once the freehold purchase process has started under the 1993 Act[i] there is no statutory provision whatsoever requiring those participating to admit any other flat owner in the building to their number. Similarly, unde…
Do we need a participation agreement?
This is a question I often get asked in practice and the answer is almost invariably, yes. What is a participation agreement? A collective freehold purchase involves a commitment from all of the participants to act together in the purchase of the …
Lease extension or freehold purchase – which is best ?
Not sure whether to extend your lease or to buy your freehold ? Then read on…. The differences between obtaining a lease extension or buying the freehold may seem a little bewildering at first, but the following basic guidelines below may help y…