Free hold Lease on property ???

DulchieLaois

Hi,

I just realised on my title deeds over the weekend, that i have a leasehold on the property that I own.

Can someone explain to me what this is about and how can I resolve it to be the freehold on the property.

Is there a fee that I have to pay to Dublin City Council ?

Thanks

Michael D Not Higgins

Can you clarify whether you have a freehold or a leasehold?

You can read about the difference and implications here http://www.citizensinformation.ie/en/housing/owning_a_home/home_owners/ground_rent.html

Fkall

Normally the EA forwards the difference to your solicitor.

MarkAnthony

What type of property is it? If it's an apartment you'll never be able to convert it to a Freehold. Some estates won't allow you to convert to freehold either. Basically it's a case of asking to purchase the freehold from your landlord.

DulchieLaois

Property on a street in inner city dublin

L1011

Your solicitor should have made this blindingly clear at time of purchase. You should be paying a (likely derisory) ground rent every year and you more than likely can buy this out for a sum and convert to a freehold.