Areas of Law / Property

I want to buy the freehold to my house. My understanding is that after five years of paying ground rent the landowner is legally bound to sell me the freehold for a maximum of ten years’ ground rent. Is this true?

There is no rule that says the landowner is bound to sell you the freehold for a maximum of ten years’ ground rent. If you can’’t agree on a price you may have to take the matter to the Leasehold Valuation Tribunal. The tribunal can also force a sale under the provisions of the Leasehold Reform Act 1967 if the landowner isn’’t being co-operative. You may need a solicitor’s help with this, and unless your ground rent is high it may not be worth your while to pursue it.

Area of law: Property
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