Lease Case Study - The "Ping-Pong" Freehold

Unhappy with their Landlord, a group of 5 Tenants investigated the possibility of enfranchising the block and acquiring the freehold. After hard work on the part of the Tenants, a majority was found having persuaded one initially reluctant lessee to participate, creating a majority.

The original enfranchisement proceeded and the freehold interest in the property passed to the new formed company with six participating Tenants and five non-participants.

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Posted on Friday, February 10, 2012.