8:20 AM, 23rd July 2018, About 4 years ago 3
I own a Leasehold apartment and would like to renovate, and have been proposed a fee by the Freeholder for overriding the restriction in the Lease If £20,000 plus legal costs.
This is before any cost of renovation.
I am interested in whether anyone has experience of this. Am I a price taker on this occasion or do I have the ability to negotiate and if so what are the Freeholder’s interests?
The Freeholder in this instance is a Corporate entity not an individual and the block contains 40 apartments with a lease off 900+ years.
The work I am looking to carry out is to install a skylight in the roof to increase light in to the apartment, which is top floor.
Any views / guidance / experience appreciated.