Why Setup a Company?

There are several benefits of owning freehold estates through a company but these two are the most relevant to leaseholders:

Make Life Simple

When a flat in the property is sold, the process is much simpler. All that is required is a transfer of the property's share certificate, which does not need registration at Companies House or the Land Registry. Under other circumstances it would be necessary to re-register all owners with all flats every time one flat in the estate was sold.

Take Control of Your Property

By being a member of a company the Leaseholder is bound by the Memorandum of Articles and Association (essentially the rules governing how a company is run and what it can and cannot do). This means that leaseholders can have more control over what happens in the block and can vote to make changes to the rules at the company's Annual General Meeting (AGM).