Buying A Freehold Property
The owners of flats, in a building, collectively (as a majority) have the right to purchase the freehold. This is known as collective enfranchisement. The ability to buy the freehold offers a number of advantages.
These include: -
- the ability to exercise real control over the management of the building;
- the freedom to choose how best the building is insured;
- When & what repairs and maintenance take place are decided upon by those who own the flats in the building.
If you own a flat and are concerned about and/or interested in buying the freehold, then Eden Solicitors has the professional expertise to help you.
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