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janek_s

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  1. Hello all, **Advice needed** I am buying a leasehold flat with a share of the freehold. The vendor bought the building 30 years ago and converted it into flats 20 years ago. I am the first person to buy one of these flats and the conveyancing is proving difficult. The vendor has suggested that in order to sell me 'with a share of the freehold" he is having to setup a Ltd company and transfer the freehold into that company, in order to give me a share in that company (so far, no surprises). This week the vendor has been told (by his solicitor) that if he transfers the
  2. Afternoon all, I have recently had an offer accepted on a Flat, with an unusual condition attached. This is the situation: Vendor owns all four flats in the building (and the Freehold). He has put all four flats on the market at the same time. The condition of sale for the flat I am trying to buy (FFF) is that he will only sell it if he can sell (at least) two of his flats, because he needs to raise a certain amount of capital to inject into his (unrelated) business. I do not know how much money he needs to raise, but i understand he has a threshold of two flats because of the CGT he
  3. Hi Alex, I think I understand what your question is about (but please correct me if I am mistaken). Phrased differently, "If I want to increase my rents, will the (proposed) removal of S21 make it more difficult to do so?" In your example, the length of the fixed term, and/or the proposed refurbishment make no difference to your situation: you want to increase the rent and are worried about a backlash from the incumbent tenant. Let's unpack your scenario: At the end of a fixed-term agreement you are able to increase rents as you wish - this creates a new AST under your new terms
  4. Evening all, I have recently had an offer accepted on a Flat, with an unusual condition attached. This is the situation: Vendor owns all four flats in the building (and the Freehold). He has put all four flats on the market at the same time. The condition of sale for the flat I am trying to buy (FFF) is that he will only sell it if he can sell (at least) two of his flats, because he needs to raise a certain amount of capital to inject into his (unrelated) business. I do not know how much money he needs to raise, but i understand he has a threshold of two flats because of the CGT he w
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