It is becoming increasingly popular for long leaseholders to come together to purchase the freehold of their building. There can be many reasons for doing this, such as taking control of the management and maintenance of the building or in order to extend leases without payment to a third party landlord. In certain cases landlords that wish to sell the freehold of a let building must offer it to the tenants first.
Our solicitors can act for groups of leaseholders in relation to the freehold acquisition whether it be by private agreement, under an offer notice from the landlord, or forced by statute. We also deal with ancillary work such as formation of a company to purchase the freehold and a participation agreement to formalise matters between the purchasing tenants.
Our legal teams have a genuine passion for what they do. Their specialist knowledge is an absolute given and they take pride in working with clients to help them achieve the results they seek in their professional and personal lives.
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