Freehold Reversion Purchase

[topflat29]

You can find the name &  address of freeholder of your  leasehold house from Land Registry  Online and pay £3 for copy of freehold title.

 

The annual ground rent  in  your 700+ years  lease  may be very low and not   economical to demand  payment  .

 

If you make  direct  approach   for  price of  the  freehold title,  the freeholder may ask you  to pay a few  thousand pounds.  

 

However where the price of freehold title for a leasehold house  cannot  be agreed between leaseholder and freeholder  , you  can  apply to :

 

the Residential Property Tribunal Services ( Northern Region ) . 1st Fl, Picaddily Exchange , Manchester M1 4AH     for determination of price to pay.

[geared]

21 hours ago, Bilge said:

After 2 years can they not legally charge us any rent or back rent?

 

Not quite.

 

They can make a claim for rent at any time, but the number of years they can claim for is fixed.  I think it's six years.

[Bilge]

On 08/11/2022 at 18:31, topflat29 said:

You can find the name &  address of freeholder of your  leasehold house from Land Registry  Online and pay £3 for copy of freehold title...............for determination of price to pay.

We know who the freeholder is. We will be aiming to buy the freehold from them. But we’re waiting at least 2 years before contacting them as my limited understanding is that after that period they are limted in the back rent they can claim. Thanks everyone.

Edited November 10, 2022 by Bilge

[Jeffrey Shaw]

1. The two-year period is itself nothing to do with paying (or not paying) ground rent. Instead, it's just that the Leasehold Reform Act 1967 confers a right to enfranchise (= purchase f/r) only once you've owned it for at least two years. NB: it's the date of completing your purchase that counts- not the date on which HMLR registers your title.

 

2. Yes, there's a six-year time limit for claiming rent arrears: Limitation Act 1980.

 

3. Often, a lease might demise > 1 house (esp. if terraced). L might collect from only one of the multiple houses the whole rent that the lease reserved - but it's too complex to explain why. Even if so, each house's leaseholder has an individual right to enfranchise.