• Collectively Buying A Leasehold - Section 5 Notice

    By Guest on 06th Jan 2023

    My flat has been given notice that the landlord wishes to sell the leasehold. I was hoping to understand the potential benefits of buying the leasehold as well as the costs involved.

    The valuation of the lease is £849,000 and there are 124 flats. At the moment each flat pays an annual ground rent of £300. Which will increase in line with RPI every 10 years

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