I am looking at a company which has purchased the freehold under statutory leasehold enfranchisement. Most of the leaseholders participated, with ground rents being received from the remaining few. Service charge etc is dealt with separately. With this arrangement does the company always purchase the freehold in a nominee arrangement for the leaseholders? Or can the beneficial ownership be with the company? Is there a way of telling, as the director does not seem sure is the case? Would I be correct in assuming if the company has purchased on trust for the leaseholders they can submit dormant accounts, with ground rents being addressable on the individuals? Thank you.
19th Sep 2021
Statutory leasehold enfranchisement - nominee co?
Where a company is formed to purchase the freehold how can I tell if if it is a nominee arrangement?
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