Group action - understanding the benefits
The ‘majority of flat owners’ is needed to purchase the freehold via a Section 5. Forming an organised group with your neighbours, many of whom you may not have met before, and agreeing to purchase of the freehold is one of the biggest challenges you will face. Then there is the tenacity required to continue and act as a unified group to negotiate the way through this complex legal process.
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The benefits of forming a group with your neighbours
Our videos have been designed to help you gain an overview and better understanding of the Right of First Refusal but it is important to remember that they are for information only.
It is vital that you seek valuation and legal advice for your specific circumstances.
It is worth noting that it is rare for all flat owners to take part in a freehold acquisition and that additional funding is required to cover the cost of those who choose not to participate. In our experience, this is usually the main hurdle to overcome, and there are many ways of tackling it. We are happy to talk you through the options. Click here to find out how S5 Solutions could help.
We hope you find this site and our videos useful, but it is important to remember that they are for information only. The process is lengthy and complicated, and it is vital that you seek valuation and legal advice specific to your circumstances.
There are lots of ways to contact us, either complete our quick enquiry form for a free call back, or, click here to go to our CONTACT page.
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