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Thread: Owning Freehold

  1. #1
    Tour Winner Crazyface's Avatar
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    Owning Freehold

    We own the freehold to the property next door to us. Do we have any magic powers we can exert on them?
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  2. #2
    Journeyman Pro Bunkermagnet's Avatar
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    Re: Owning Freehold

    Charge a ground rent or sell the land to a developer?
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  3. #3
    Ryder Cup Winner SocketRocket's Avatar
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    Re: Owning Freehold

    Sell them the freehold

  4. #4
    Tour Winner Crazyface's Avatar
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    Re: Owning Freehold

    Quote Originally Posted by SocketRocket View Post
    Sell them the freehold
    Never!
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  5. #5
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    Re: Owning Freehold

    Look at your leasehold agreement, all the answers are there.

  6. #6
    Tour Winner Crazyface's Avatar
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    Re: Owning Freehold

    Quote Originally Posted by ADA View Post
    Look at your leasehold agreement, all the answers are there.
    Don't know if we have one. When we bought the place the solicitor just said "oh and you own the freehold for next door as well"
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  7. #7
    Money List Winner Lord Tyrion's Avatar
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    Re: Owning Freehold

    Quote Originally Posted by Crazyface View Post
    Don't know if we have one. When we bought the place the solicitor just said "oh and you own the freehold for next door as well"
    They will be with your deeds or perhaps the land registry, although I am quite probably wrong on that one. If you can't find anything then perhaps your solicitor was not correct. There should be a record somewhere.
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  8. #8
    Money List Winner GB72's Avatar
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    Re: Owning Freehold

    Sounds an odd situation but not impossible. You can download your title deeds, next doors and the lease for nextdoor for 3.00 per document from the Land Registry. It is easy to do. You really do need to check the lease as it may have obligations on you as the freeholder, entitle you to rents, a premium if the lease needs extending as well.
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  9. #9
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    Re: Owning Freehold

    As the solicitor gave you this information he must have read it somewhere, so even if your house and next door are not registered it it must be part of the title deeds so read them. If you have a mortgage the title deeds will be lodged with the mortgage company or their appointed solicitor for all the legal work during the conveyancing.

    It is very easy to check with the land Registry to see if both properties are registered. However they may not hold all the paperwork (they do not for mine as I have got it).

    If not registered you can do it but you will have to pay a 1st registration charge.

    If your neighbour has an original 999 year lease (quite common) you may well consider selling it to them.

    My last leasehold property only gave the the landlord a ground rent of 30 a year so he kept trying to sell the freehold to me.
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  10. #10
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    Re: Owning Freehold

    PS re the OP, the lease may well mean that the leaseholder may well have magical powers that they can hold over you e.g. repairs and renewal costs on the building.
    Handicap 9 (was 6, now showing my age)An absolute miss mash of clubs

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