Is a landlord the same as a freeholder?
Is a landlord the same as a freeholder?
A freeholder is normally a company or a person which owns the freehold of the building. You will own your flat or apartment on a lease, but the freeholder will own the property outright. A freeholder is also referred to as a landlord.
Can a leaseholder purchase a block of flats?
In certain circumstances leaseholders of a block of flats can apply to extend the term of their leases or to purchase the freehold from a private landlord through a nominee, generally a residents’ management company (“ collective enfranchisement ” see http://www.lease-advice.org/advice-guide/collective-enfranchisement-getting-started/ ).
How does block management work with the landlord?
While the landlord will have the primary relationship the management company, a good block management agent will also work with the leaseholders to ensure the building is maintained to their satisfaction too.
What’s the relationship between a landlord and a freeholder?
Assuming your building is managed by an acting agent, the relationship ‘triangle’ between the three parties is thus: The freeholder’s relationship with the block management company
What do you need to know about leasehold ownership of flat?
The leasehold ownership of a flat usually relates to everything within the four walls of the flat, including floorboards and plaster to walls and ceiling, but does not usually include the external or structural walls. A garden can be included, unless it is a communal garden for the building.
In certain circumstances leaseholders of a block of flats can apply to extend the term of their leases or to purchase the freehold from a private landlord through a nominee, generally a residents’ management company (“ collective enfranchisement ” see http://www.lease-advice.org/advice-guide/collective-enfranchisement-getting-started/ ).
Can a landlord stop you from converting a loft?
3. You do not have Landlord’s consent for the required structural changes. Most leases will restrict changes to the flat.
Can a freeholder manage a block of flats?
A block of flats can also sometimes have a managing agent who is appointed by the freeholder to manage the property day-to-day, including arranging insurance, so it’s important to check the agreement you have in place and what your responsibilities are before taking out block of flats insurance. What does buildings insurance cover in flats?
Who is responsible for maintenance of leasehold flats?
Occasionally, the leaseholders may have “self –repairing “leases, where they are responsible for the maintenance and repair of their own flats. This will be usually be when there are only two flats in the building. What are your responsibilities?