share of freehold

(1 Post)
SnozzberryPie Thu 25-Jun-15 15:53:17

Does anyone own a share of freehold flat and can you explain to me what (if anything) needs to be done now?

I have just bought the freehold of my flat along with our downstairs neighbour smile. We are both named as directors of a company, and the freehold is owned by the company.

The solicitor who did the freehold purchase for us mentioned the need to do an 'annual return' (which he offered to do, for a fee, of course). What does this consist of? Is it worth paying someone 200 quid to do or can a reasonably educated person do it thermselves? Is there anything else we need to think about?

Thanks!

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