Buying the freehold of your building can give leaseholders real control, from how their property is managed to how service charges are spent. But it’s not as simple as owning your flat outright. In most cases, leaseholders form a Residents’ Management Company that collectively owns the building and the land, while each resident continues to hold their flat on a lease.
Recent changes under the Leasehold and Freehold Reform Act 2024 are set to make the process simpler and more transparent, reducing costs and removing barriers for leaseholders. Even so, the process still involves careful planning, shared responsibility, and professional guidance.
At JMJ Asset Management, we help leaseholders navigate that journey, offering clear, calm, and confident support to ensure your building is well-managed, compliant, and protected for the long term.