Absentee Freeholder issues
The issue of freeholder tracing and an absent freeholder can arise most often where houses have been converted into flats. With conversions such as these, the freeholder would have historically sold off the flats on very long leases, thereby, capitalising on the value of his / her interest.
Whilst remaining technically as freeholder, the freehold value is minimal when compared to the long leasehold interests sold off.
In such scenarios, the freeholder may lose interest or even forget about owning the freehold, he / she might have moved to a new address or even deceased.
These situations can continue for many years, especially because many of the flat owning leaseholders may not see it as a major issue. They don’t tend to pay service charges and may even be ignorant that the freeholder will typically have the role of arranging buildings insurance for the overall building, and then seeking reimbursement from the leaseholders.
Some leaseholders may also, in some ways, see the lack of involvement of the freeholder as advantageous in that they may be tempted to make changes to the flat which would require freeholder consent without worrying about it, on the basis that a lack of a freeholder reduces the risk of action being taken for breach of lease covenant. Unfortunately, this approach can prove to be short sighted.
How we can help
All of our freeholder tracing services are offered on a no trace no fee basis, just place your initial order with us and we will investigate.
- 98% success rate
- No trace no fee
- Result in 7 days
- Just £170 ex VAT
The ultimate resolution of an absentee freeholder situation is to apply to court. The necessary form of application will be for Vesting Order in the County Court.
It is a prerequisite for an application for a vesting order that as leaseholder you have made sufficient attempts to try and contact and locate down the freeholder such as using a specialist freeholder tracing agency.
We offer the following service for tracing absentee freeholders
- Tracing current address of absentee freeholder £170 +VAT
This service will provide you with the current address of the freeholder which will have been verified and traced via two separate information sources by our expert freeholder tracing agents and is guaranteed to be a current address for the freeholder on the date the trace report is generated.
We underwrite this trace agent information for 30 days, so in the event you feel the information is incorrect we will recheck the case for you.
As freeholder tracing agent experts we can locate your freeholder typically in just 24 hours. This provides an effective low cost freeholder tracing solution.
If you need further information Leaseholds in the UK explained.