I am a Freeholder

You have been served a section 42 notice or your leaseholder wants to extend their lease informally. As a freeholder, you are not responsible to pay for the fair and reasonable valuation and legal fees.

Connect with our honest, approachable expert team today for comprehensive guidance and ensure your interests are protected.

I have been served a section 42 notice.

My leaseholder wants to extend their lease informally.

Exploring property ownership in the UK

What is a Freehold?

A Freehold is the complete ownership of a piece of land and all immovable structures built on it.

If you buy a freehold, you’re responsible for maintaining your property and land, so you’ll need to budget for both these costs. Most houses are freehold but some might be leasehold, usually through share-ownership schemes.

What is a Section 42 notice?

A Section 42 Notice (also known as a Tenant’s Notice) is served on the landlord/freeholder of a property and starts the purchase of the freehold or lease extension process.

Once a valuation of the property has been carried out by your surveyor they will send the valuation on to your solicitor. Next, your solicitor will serve a Section 42 Notice on your landlord/freeholder advising the amount you are willing to pay for the freehold.

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