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Leasehold to Freehold

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  • dib34
    started a topic Leasehold to Freehold

    Leasehold to Freehold

    Being a long term leaseholder with shares in the company who own the freehold what percentage of 56 shares are required to agree to
    sell off the land give and to give every leaseholder who own shares the actual document stating they are by default freeholders
    How much would it cost to get this freehold document from our company
    (which is a not for profit company) we are in a retirement complex for the over 55's)
    Thank you george
    Last edited by dib34; 07-12-2011, 10:16 AM.

  • Fadwa14
    replied
    Re: Leasehold to Freehold

    Freehold means the building and the site it stands on is yours out-right. lease hold means that the property is yours but the land it stands on is not.You have to rent it from its` owner on a lease. Generally a lease is for 99 years.

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  • ankitwebspy
    replied
    Re: Leasehold to Freehold

    You are likely in an area where the land was part of a lodgings land parcel that was originally belongs to by a business who constructed for their employees to purchase but retained command over the future land usage.

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