Should rental purchase include the freehold?Make Text Bigger
We own a semi detached freehold house which is ex local authority. The other half of the semi is converted into two flats, which are let out. Both of the flats are owned by the same person.
The owner of the two flats (the vendor) is selling the ground floor flat, and her daughter will live in the upstairs flat.
We are proposing to buy the ground floor flat, and most of its garden and we will then let it out. Would it be best to buy the freehold of the whole semi and draw up a lease for the vendor to retain the upstairs flat?
Should we own the freehold for the entire garden?
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