When it comes to buying the freehold of a building, one of the biggest hurdles is figuring out how to fund it and getting all the leaseholders on the same page. If you’re feeling a little overwhelmed, don’t worry—this episode’s here to simplify things.

Mark Chick, Senior Partner at Bishop & Sewell, and Chris Macartney, Head of the Landlord and Tenant Department, share their knowledge to make the process feel much more manageable.

They walk you through the essential steps of funding a collective freehold purchase, covering everything from participation agreements to overriding leases.

If you’re wondering how to deal with non-participant flats or secure external investments, Mark and Chris also dive into how to protect funders’ interests and ensure fairness across the board.

Plus, you’ll learn how to bring all leaseholders together, structure a term sheet, and set up clear terms that help avoid confusion or disputes later on.

The golden rule? Keep it simple, stay organised, and set clear expectations from the get-go.

Whether you’re navigating your first freehold acquisition or just looking to refine your approach, this episode is packed with practical insights.

Tune in to learn how to avoid common pitfalls and create a solid plan for success.

Chapter Markers:

(01:09) Navigating collective freehold acquisition

(02:24) Handling non-participation and cost allocation

(04:26) Addressing the complexities of funding non-participating flats in a collective freehold purchase

(08:10) Discussing overriding leases and their role in acquiring a freehold

(10:41) Organising and structuring collective enfranchisement

Useful Links:

Mark Chick LinkedIn

Chris Macartney LinkedIn