We recently bought a flat in a house converted in to 8 flats. The residents have decided to consider buying the freehold and we have had a surveyor to estimate costs of buying the freehold for each participating flat. The costs of the freehold vary wildly between each flat.
Out of the 8 flats one is definitely not participating.
I'm now totally confused by how the money works. If another flat decides not to participate do we have to cover their costs? Do we each pay the cost for our own flat + solicitors fees? Or do we divide the total cost by 7?
Anyone with any experience of this really appreciated. I've done some research this afternoon but it's just left me more confused. Or maybe my questions are so stupid nobody else is thinking them?
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Property/DIY
Buying the freehold in a block of flats
3 replies
ovenisdrivingmecrazy · 25/01/2017 18:01
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