If you are looking to extend your lease or buy your freehold but the freeholder cannot be found, the ‘Leasehold Reform Housing and Urban Development Act 1993’ give leaseholders the right to continue the process of extending their lease or buying the freehold.
To proceed, we will work closely with your solicitor to ascertain that every effort has been made to contact the freeholder. Once it is established they are absent, a vesting order will be issued to the county court.
Once the county court agree that the freeholder is absent, you will require an expert valuation report which will then be issued to the first-tier tribunal. This process will decide the cost of the lease extension premium or freehold purchase price.