They've set it at 240k or the sum of the ground rents x 24, whichever is lower. I think there's 55 flats so I think they've worked them out to be the same £. No idea why it's 24 x the ground rent.
So depending on how many leaseholders you can get involved it could be a fairly reasonable sum each. Expect it to take a long time to get ducks in a row and paperwork settled.
Your lease doesn’t change at all if there’s a new freeholder.
They've set it at 240k or the sum of the ground rents x 24, whichever is lower. I think there's 55 flats so I think they've worked them out to be the same £. No idea why it's 24 x the ground rent.