• Freeholder Applying For A Change Of Use Commercial To Residential

    By Guest on 14th Jan 2016

    I own 1 of 2 flats above a shop. The freeholder wants to turn the shop on the ground floor in a 2 bed flat. I have 2 questions. 1 what impact if any will this have on the current lease? 2. Are there any pitfalls / drawbacks that I should be aware of (beyond some disruption with building work and possible changes to management fees)? Many thanks

  • 2 Answers

    By Guest on 14/01/2016

    What the freeholder is planning should not have any effect on your lease. In fact flat in a building which is completely residential is generally more marketable than a mixed commercial and residential

  • By Guest on 14/01/2016

    Thanks for your reply, much appreciated!

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