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Freeholder in liquidation or administration

Whilst not particularly common from time to time freeholders will go into liquidation or be subject to the administration. 

Where a freeholder is in administration an agent is instructed to act on its behalf and the agent appointed will be bound to deal with any claim for the freehold or lease extension in the same way that the landlord would have but for the administration order.

The circumstances are different where the freeholder is in liquidation. In this situation the assets of the freeholder become the assets of Crown. The Crown are not bound by the Leasehold Reform Acts in a conventional sense, for example it is not possible to serve a Notice of Claim to extend a lease or to acquire the freehold.  However through the Treasury Solicitor and District Valuer, it is normally possible to agree terms.

Please contact Mike Stapleton on 01702 562072 so we can advise on your particular circumstances

 

 
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