Should rental purchase include the freehold?

by Readers Question

11:05 AM, 11th February 2019
About 2 months ago

Should rental purchase include the freehold?

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Should rental purchase include the freehold?

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?

Malcolm



Comments

Rob Crawford

12:37 PM, 11th February 2019
About 2 months ago

Hi Malcolm, the question is difficult without knowing your financial circumstances etc. I assume your main priority is control/access to the garden and as much as the property attached to yours as possible. It would certainly be worth talking to the current freeholder. It may be worth asking for the whole property freehold. With extra income from the sale the existing freeloader may come up with alternative arrangements for his daughter. You will then have two flats to manage.

JJ

9:37 AM, 12th February 2019
About 2 months ago

As it's an upstairs flat that they propose to keep I would ask for the whole freehold; you'll have enough difficulties anyway if there's a leak in the plumbing of the upstairs flat and you're trying to sort out who is responsible for what without a three-way discussion between you, the tenant and the freeholder.


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