Our fees
Considering selling the freehold of a block of flats? This decision requires careful navigation and expert legal guidance to ensure a smooth, compliant, and ultimately successful transaction. Don't leave yourself vulnerable to potential pitfalls.
We understand the intricacies involved in freehold sales of blocks of flats, from the considerations around service charge accounts to the complexities of tenant rights and statutory obligations. We'll guide you through every step, ensuring you're fully aware of your responsibilities under the right of first refusal that may apply to your leaseholders under section 5 of the Landlord and Tenant Act 1987.
Navigating the section 5 notice process correctly is crucial to avoid delays and potential legal challenges. We'll meticulously prepare and serve the necessary notices, retaining evidence of service that will be required by the purchaser. Furthermore, we'll assist with drafting the sale contract, freehold transfer deed, and managing the conveyancing process efficiently.
We will handle the process from start to finish, taking the stress out of the transaction.
initial review
review and advise on the application of the tenants right of first refusal
formal notices
serve section 5 notices and advise you on formal response of leaseholders
completion
completion of sale to leaseholders or third party
Y Sherwood
The whole process experienced was easy. Mr Coleman was courteous and friendly throughout. Matters were explained at each stage. Despite delays at the Land Registry, I was always kept up to date and reassured matters were in hand. I am very grateful.
C Valentine
Ricky is such a valuable resource. His knowledge and ability to help me navigate leasehold technicalities was so very helpful.
J Robertson
Ricky helped me get my lease extension completed. He was helpful throughout, explained all my options and the process with great clarity. He kept me updated all the way through, and pushed all other parties to get everything sorted as quickly as possible!
