FAQS

Your questions answered

How quickly can I dispose of my freehold interest?

This depends on how you choose to sell your freehold interest and any requirements to offer the Right of First Refusal to the leaseholders. The good news is that Freehold Sale specialise in helping our customers to dispose of their freehold quickly. We aim for the sale to complete within four to eight weeks of receiving the contract from your solicitor. For more information read: ‘How long does it take to sell a freehold?

More FAQs

  • All
  • Collective Enfranchisement
  • FAQs
  • General
  • Ground Rent
  • Leases
  • Section 166 demand for ground rent
  • Section 20 Notice of major works
  • Section 3 Notice
  • Section 5 Right of First Refusal
  • Selling freehold ground rents
  • Valuing freehold ground rents
All
  • All
  • Collective Enfranchisement
  • FAQs
  • General
  • Ground Rent
  • Leases
  • Section 166 demand for ground rent
  • Section 20 Notice of major works
  • Section 3 Notice
  • Section 5 Right of First Refusal
  • Selling freehold ground rents
  • Valuing freehold ground rents
FAQsSection 3 Notice

What happens if I don’t serve Section 3 Notices?

It is considered a summary offence if you fail to serve tenants with a Section 3 Notice in the prescribed format. This can lead to a criminal conviction and a fine. You may also have to undo the sales transaction. Learn more about Section 3 Notices here.

FAQsSection 3 Notice

Do I need a solicitor to prepare and serve Section 3 Notices to my leaseholders?

No you do not need a solicitor as you can easily prepare and serve Section 3 Notices yourself, using our professional Section 3 Notice template, which you can which you can download from our website here.

FAQsSection 3 Notice

Where can I get a free Section 3 Notice template?

You can download a free Section 3 Notice template here.

FAQsSection 3 Notice

How much does it cost to prepare and serve Section 3 Notices?

If you use our free Section 3 Notice template you will only have to pay for posting the notices to your tenants. However, if you employ the services of professional such as a solicitor, your costs will inevitably be higher.

Collective EnfranchisementFAQs

What is the difference between enfranchisement and collective enfranchisement?

Enfranchisement refers to the purchase of the freehold of leasehold houses, whereas collective enfranchisement refers to the purchase of the freehold of a building containing multiple flats/apartments.

Collective EnfranchisementFAQs

What is collective enfranchisement?

Collective Enfranchisement is the right outlined in the Leasehold Reform Housing & Urban Development Act 1993 for leaseholders of a building containing flats to collectively purchase the freehold. Learn more here.