http://residentialleaseforms.org/what-is-the-process-for-lease-renewal-where-you-own-a-share-of-the-freehold/ State Specific Lease Agreements Fri, 24 Feb 2012 08:07:08 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://residentialleaseforms.org/what-is-the-process-for-lease-renewal-where-you-own-a-share-of-the-freehold/comment-page-1/#comment-155 Lord of the Sovereign Ring Fri, 14 Aug 2009 04:12:10 +0000 http://residentialleaseforms.org/what-is-the-process-for-lease-renewal-where-you-own-a-share-of-the-freehold/#comment-155 Freehold is not a lease. As long as your flat exisits, you have a share. Freehold is not a lease.
As long as your flat exisits, you have a share.

]]> http://residentialleaseforms.org/what-is-the-process-for-lease-renewal-where-you-own-a-share-of-the-freehold/comment-page-1/#comment-154 zifi1957 Fri, 14 Aug 2009 03:54:49 +0000 http://residentialleaseforms.org/what-is-the-process-for-lease-renewal-where-you-own-a-share-of-the-freehold/#comment-154 Having recently (in the last five years) converted my leasehold flat into a part freehold flat (which had 22yrs of the old lease left on it), and then sold that flat with the part freehold - there is no leasehold renewal fee ..... once you become a part freeholder in the building you then have no-one to pay lease fees to - just yourself (leaseholders pay freeholders) but you do then become part responsible for maintenance and repairs bills and contributing to a joint tenants joint maintenance and repairs account ....because there should not now be a managing company as such, as joint freeholders you need to register yourselves as a tenant association of that building and thereby become your own managers ..... for safety's sake and your security you should get your lawyer to go through all documents with a fine tooth comb and ensure that all loose ends and outstanding bills are paid up in full by the seller....... Having recently (in the last five years) converted my leasehold flat into a part freehold flat (which had 22yrs of the old lease left on it), and then sold that flat with the part freehold – there is no leasehold renewal fee ….. once you become a part freeholder in the building you then have no-one to pay lease fees to – just yourself (leaseholders pay freeholders) but you do then become part responsible for maintenance and repairs bills and contributing to a joint tenants joint maintenance and repairs account ….because there should not now be a managing company as such, as joint freeholders you need to register yourselves as a tenant association of that building and thereby become your own managers ….. for safety’s sake and your security you should get your lawyer to go through all documents with a fine tooth comb and ensure that all loose ends and outstanding bills are paid up in full by the seller…….

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