Absolutely NXNW June 2013

Page 100

Absolutely NW3

THE MOST FABULOUS COCKTAIL IS...

It has to be the Margarita from XO, they are THE BEST!

MOST FABULOUS PROPERTY...

A four bedroom garden flat completely refurbished on behalf of the overseas landlord, rented and managed by Property Divas- consider it done!

STYLISH BOUTIQUE...  Browse through our fabulous new international boutique holiday retreats, they’re really quite stunning!

A LOST HOUR...

BEST KEPT SECRET...

 FAVOURITE RESTAURANT...

Has to be us! Launched in 2007, our growth has been by word of mouth. As we have grown, the staff we have taken on have brought expertise to the mix allowing us to widen the services we offer.

It’s nice to take a moment and consider the lovely view from the top of Hampstead Heath or Primrose Hill Park.

HELEN DUNCAN CO- DIRECTOR OF PROPERTY DIVAS

Carluccios, located in the same building as ourselves, provides a welcome bolt hole for us Divas and our clients.

020 7431 8000; PROPERTYDIVAS.COM

HEMA ANAND 76

FROM COLMAN COYLE, GIVES HER EXPERT ADVICE ON ALL YOUR LEGAL PROPERTY QUESTIONS

PROPERTY ITOW NXNW.indd 76

T

he Freehold of our building has been sold to a property based company. I recall reading somewhere that the freehold cannot be sold without first being offered to me and my neighbours. Is this correct? You do not say how you have discovered the sale of the freehold interest. For example, has the new landlord sent notification to you to advise of the change in ownership? If so, this can have an impact on what recourse may be available to you and the timescales within which you would be required to operate. However, subject to certain criteria being met, where a landlord is proposing to sell his interest in the building and the rights of first refusal applies, then the landlord must by law offer first refusal to the leaseholders before the landlord is in a position to sell to another party. The rights of first refusal are contained in the Landlord & Tenant Act 1987. To establish if the rights to first refusal

14/12/2012 18:

an exempt landlord. It is therefore important apply then certain criteria need to be met. For to establish whether the rights of first refusal example, the building must contain at least actually apply. If so, you could have the right two flats, no more than 50% of the building to request certain information in respect of can be in non-residential use and more than the sale and force the new landlord to sell the 50% of the flats must be held by a ‘qualifying interest acquired by them to you. (It is also a tenant’. A qualifying tenant is a leaseholder criminal offence for a landlord to fail to comply of a flat subject to a long lease (or a lease with statutory requirements in respect of rights originally granted for a long period regardless of first refusal). of how many years are now left). A qualifying tenant can also include a leaseholder that has a fixed or Contact property partner periodic tenancy.. Hema Anand with no obligation There are certain on (0)20 7354 3000 or email landlords that are exempt and therefore hema.anand@colmancoyle.com the rights of first refusal do not apply. For example, many housing authorities  www.colmancoyle.com or registered social 80 Upper Street, Islington, N1 0NU landlords would be

ASK THE EXPERTS

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POSTCODE.NXNW.V2indd 100

17/05/2013 15:34


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