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Lease interpretation

2 replies

Flott · 14/02/2025 11:23

We are going to sell our shared ownership flat. We have instructed a conveyancing solicitor and gone through the initial stages with the freeholder to begin the process (have provided a rics valuation to them and they have waived the pre-emption period). However, the lease is unclear (at least to us) what the rest of the process entails and what equity we will have once a sale completes.

We have asked our solicitor if they can clarify the terms of the lease and they are refusing to, stating that we can discuss once we find a buyer. However we can’t market the property for sale until we can clarify the selling clauses within the lease and know what options we have available to us to sell so we feel a bit stuck. The freeholder has been useless and we have reservations about asking them to confirm the details of the lease as they have a financial interest in the property (they own the remaining share).

Can anyone signpost me to who would be best placed to interpret our lease. I’m frustrated that our solicitor is refusing (we have paid a 2k retainer already). Is this something that they should be assisting with?

OP posts:
MinnieMountain · 14/02/2025 15:10

What year was the lease granted?

It might be easiest to ask your landlord/housing association. You’ll need their permission anyway.

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