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As someone who's spent the last four years in litigation with my freeholder that gives me the cold shivers. That'd expose so much space for our (aggressive third party offshore) freeholder to operate. I imagine with absent or uninterested freeholders its a manageable risk but by lord it's not a position I'd be comfortable in.
ReekBlefs
Sharkstar
Leases change hands in our block on a regular basis without any involvement from the freeholders, one of whom has gone missing anyway