It was my understanding that (with some exceptions) if the majority of leaseholders wanted to buy the lease, the landlord has no option but to sell. Granted, they don't have to be reasonable which can increase the price or drag the process out.
My lease has 92 years remaining so I should be doing something about it sooner or later. Would extending it now significantly affect the cost of acquiring a share of the freehold in the not too distant future?
Would extending it now significantly affect the cost of acquiring a share of the freehold in the not too distant future?
No, it'll decrease it slightly. Potentially by quite a lot, but only if you have a tenant-owned head-lessee so you can do the Nailrile double-stage enfranchisement.
It was my understanding that (with some exceptions) if the majority of leaseholders wanted to buy the lease, the landlord has no option but to sell. Granted, they don't have to be reasonable which can increase the price or drag the process out.
My lease has 92 years remaining so I should be doing something about it sooner or later. Would extending it now significantly affect the cost of acquiring a share of the freehold in the not too distant future?