Costs of buying the freehold
The purchase price takes account of a number of factors and we work it out after the building has been valued. It will include:
- the open-market value of the building
- at least half the marriage value (this is the extra value that results from the freehold and leasehold interests being under the same control)
- compensation to your landlord for severance (this is added when the sale of a freehold lowers the value of the landlord’s other property) or other losses
- your landlord’s reasonable costs