Tweet
My sister and I own a flat together.
She did all the paperwork when the flat was bought and I (naively) just signed whatever was put in front of me so I am not sure if it is owned as joint tenants or tenants in common.
A few years after the flat was bought, There was an opportunity to buy a share of the freehold via a company set up by the residents in the block of flats. I was not aware of this but my sister was and she went ahead and bought some ‘A’ Shares in the freehold company.
Fast forward about 15 years and we are now looking to sell the flat and separate out our assets.
Does the fact that she owns Shares in the freehold company make any difference to the selling of the flat and division of the monies once the sale has taken place?
What I am hoping is that the flat can be sold separately to the ‘A’ Shares that she owns. She can then do what she wishes with those shares in the future.
She did all the paperwork when the flat was bought and I (naively) just signed whatever was put in front of me so I am not sure if it is owned as joint tenants or tenants in common.
A few years after the flat was bought, There was an opportunity to buy a share of the freehold via a company set up by the residents in the block of flats. I was not aware of this but my sister was and she went ahead and bought some ‘A’ Shares in the freehold company.
Fast forward about 15 years and we are now looking to sell the flat and separate out our assets.
Does the fact that she owns Shares in the freehold company make any difference to the selling of the flat and division of the monies once the sale has taken place?
What I am hoping is that the flat can be sold separately to the ‘A’ Shares that she owns. She can then do what she wishes with those shares in the future.