If you own a leasehold property and are looking for ways to increase the value of said property, purchasing the freehold, or extending the lease can be an effective way to increase the saleability of your property. In some cases, you may already own the freehold license on a property but are looking to sell this on to raise some working capital for another property project you are working on.

To speak to one of our friendly, expert Commercial Property Solicitors, get in touch today by calling 01254 297130, or by using our simple enquiry form below.

Leasehold vs Freehold – What’s the Difference?

If you currently own a leasehold property, this means that you only own the property for the extent of your lease. Essentially, this means that the landlord of the property has permanent ownership, also known as ‘freehold’ over the land and building.

If you are currently in a leasehold agreement for your commercial property, you are restricted in what alterations you are able to make to a property. It’s also worth noting that when your leasehold agreement drops below 80 years, you’ll find that your property becomes extremely difficult to sell, and the value of said property will also drop significantly. However, purchasing a freehold agreement with your landlord can remedy this.

If you are looking to purchase or sell the freehold on a property, you should consult with a specialist commercial property solicitor as to the legal aspects of transferring a property from one party to another. This process can be complicated, so it’s well worth seeking legal guidance to ensure that your investment is sound.

Contact Curtis Law Solicitors Today

Here at Curtis Law, we are proud to have a team of solicitors who have regularly advised on a whole host of matters relating to the sale and purchase of freehold for commercial properties over the years. If you choose to utilise our services, you can rest assured that your file will be handled by a solicitor for the entirety of the process, who will be more than happy to provide expert insights and guidance throughout your case.

If you would like to take advantage of our vastly experienced team of commercial solicitors, please feel free to get in touch with us today by calling 01254 297130. You can also get in touch online via our simple enquiry form below, once completed and submitted, a member of the commercial law team will be in touch with you to discuss your enquiry further.