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Convert leasehold title to freehold

  • 17-07-2018 11:59am
    #1
    JoeSexton
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    Hi there, just wondering if anyone has any knowledge of reversionary leases and converting the folio title to freehold.

    The property in question is a reversionary lease granted by the Chief Clerk of the Circuit Court at annual rent of €570.
    I understand there are 2 routes to go:

    1. Arbitration - this would be very expensive considering the high annual rent, probably in the region of €30,000 on a house that isn't worth more than 100k most likely.
    2. Consent - much cheaper option but not sure it applies in this situation.

    Does anyone know if I could apply to the court for either (a) consent or
    (b) for a reduction in the annual rent in order to make the arbitration option affordable.

    Any help would be greatly appreciated.


Comments

  • #2
    nuac
    Registered Users, Registered Users 2 Posts: 6,769 ✭✭✭nuac


    Mod
    Legal advice not allowed on this forum. Consult a solicitor
    Subject to that will leave open for general discussion


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