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Developers will look to maximise returns from a development site and one important aspect of this is to consider the sale of the freehold reversion to a specialist ground rent company, that is to say to sell the freehold of the site once the leasehold interest in all of the apartments have been sold.
This is an area that has been the source of some contention over recent times and there is the prospect of the Government looking to legislate in the area, which may have some retrospective aspect. Accordingly, it is necessary to proceed with caution when setting up the sales of apartments and houses on development sites and to consider the possible ramifications on a freehold sale.
The area is highly regulated and with a number of potential pitfalls and so an expert lawyer is essential.
Myerson works with a range of clients with diverse needs. We understand that each client will face different legal challenges with complex circumstances. Our experienced solicitors tailor their approach to provide a bespoke service to each individual or business.
We do not fee-build at our clients' expense. We will support you throughout the process and make sure that you understand and receive clear expert legal advice. We strive to come to the most cost-effective outcome.
If you need legal advice relating to Freehold Reversion sales, get in touch with our large team of residential property solicitors.
Home-grown or recruited from national, regional or City firms. Our specialists are experts in their fields and respected by their peers.
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