Freehold Transfer Legalities
Summary
Transferring a buildings freehold to leaseholders through a management company may not require section 5 notices under the landlord and tenant act 1987. However, consulting a legal professional is recommended to ensure compliance. For practical guidance, refer to the uk governments website, the leasehold advisory service, or legal textbooks on the landlord and tenant act 1987.Full Conversation
the freeholder of a building wishes to transfer it to the leaseholders of the building (they have created a management company for this purpose) all of them will have shares in it so effectively they are all purchasing the freehold. In that scenario, do the landlords still need to serve section * notices?
In England, if the transfer of the freehold is to the leaseholders collectively through a management company, the landlord may not need to serve Section * notices under the Landlord and Tenant Act *. However, it's advisable to consult with a legal professional to ensure compliance with all legal requirements for this process.
can you point me in the direction for practical guidance on the topic
For practical guidance on this topic, you might want to look into resources such as:
- The UK Government's official website for information on property law.
- The Leasehold Advisory Service, which offers free advice on leasehold law.
- Legal textbooks or guides on the Landlord and Tenant Act *.
If you need more detailed advice, consulting a solicitor specializing in property law might be beneficial.