Party Wall Notice: What To Do When Both Parties are Freeholders and Leaseholders
In this blog post, we will be discussing the options that you as the building owner (person doing the works) can take in the event that there are both freeholders and leaseholders involved at the adjoining owners’ (neighbour) property.
I will be discussing this mainly from the perspective from the building owner who wishes to serve Party Wall Notices to notify the adjoining owners of their intention to carry out notifiable works.
I was very recently working on a project within North London where the property had both Leasehold and Freehold interests.
In this instance, I had to conduct extensive desktop research to determine the Leaseholders and Freeholders as this would impact where the Party Wall Notices would be served.
It is important to get this right in order to avoid multiple disputes which would become costly and time consuming. Another reason why it is important to get this right is to ensure legal protections are in place for both the building owner and adjoining owner.
What is a Leaseholder and a Freeholder?
You may have come across these terms at some point, these are very common terms which describes the occupiers or owners of a particular property with a particular interest.
For instance, Leaseholders only own the property for a fixed term.
On the other hand, Freeholders own the land on which the property stands… learn more about what to do if both are Freeholders or Leaseholders in matter of serving Party Wall Notices…
