Question aimed at those that would be somewhat of an expert in this field.
I've a relative who owns a 1st Floor Maisonette on a reducing Leashold basis (down to 70 years ish I believe)
The Freehold for the whole property (comprising Ground Floor Maisonette and the 1st Floor Maisonette above) is owned by the guy that lives in the Ground Floor Maisonette.
I take it the relatives on the 1st Floor could in theory offer to sell that property to the guy in the Ground Floor, particularly as he's always been keen to own the whole property, and thus the issue of their needing to increase the lease on their part of the property would dissapear?
Any advice/comments?
I've a relative who owns a 1st Floor Maisonette on a reducing Leashold basis (down to 70 years ish I believe)
The Freehold for the whole property (comprising Ground Floor Maisonette and the 1st Floor Maisonette above) is owned by the guy that lives in the Ground Floor Maisonette.
I take it the relatives on the 1st Floor could in theory offer to sell that property to the guy in the Ground Floor, particularly as he's always been keen to own the whole property, and thus the issue of their needing to increase the lease on their part of the property would dissapear?
Any advice/comments?
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