Purchasing Freehold – legal position?

Pic of freeholder key landlord leasehold property118

by Readers Question

12:01 AM, 5th July 2023, 3 years ago 3

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Landlord News Landlords Questions Lettings & Management

Hello, I live in a block of 9 flats and we are interested in buying the Freehold. I understand that if the Freeholder wants to sell the Freehold they will need to offer it to us first before a third party.

Before I moved in, the Freeholder offered the Freehold for purchase to the existing flats but there wasn’t a majority to buy.

The Freeholder then sold to a third party, who then sold on the Freehold without it being offered back to the flat owners.

Is this second sale of the Freehold deemed unlawful and can it be reversed?

It seems a grey area.

The person buying the Freehold then sold it on to a Limited Company which he is a director of.

Please advise!

Thank you,

Jacqueline

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