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Freeholder Obligations

As the freehold owner of a property, you have certain obligations to your long leaseholders under the terms of the leases. These may include obligations to repair (subject to reimbursement by way of service charge) and also to insure the property.

You may need assistance in relation to the management of the property and/or selecting a managing agent.

Where a Notice is served on you as legal owner of the freehold interest, either claiming an extended lease or seeking to buy the freehold, you have the right to be advised in relation to this.

It is critically important that any such Notice is not ignored, as failure to respond to it will lead to you being deemed to admit the price proposed by the leaseholders. ALEP members can provide expert advice and assistance in relation to any such Notices which are served.

Additionally, under the legislation some of your costs are payable by the leaseholder.

ALEP News

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  • Thursday 29 October 2020

    *Save the date* Hosted by Anna Bailey & Piers Harrison, the ALEP Virtual Quiz returns with a festive edition on T… https://t.co/tpoXg6GmWV

  • Wednesday 21 October 2020

    'Timescale of changes to leasehold is down to the politicians' but the Law Commission is 'optimistic' about… https://t.co/HfSPE3NGsX

  • Wednesday 21 October 2020

    An interesting session on #commonhold and #leaseholdreform today from Professor Nick Hopkins @Law_Commissionhttps://t.co/upACXeyq91

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