For leaseholders of flats, a property with freehold-share represents a secure family inheritance. Such properties are also more marketable as buyers prefer freehold properties.
For freeholder's wishing to realise the best cash value for their asset, this will generally be via sale to the leasehold occupiers of the property.
The terms of a freehold transaction may be agreed informally. Alternatively, qualifying leaseholders can compel the freeholder to sell the freehold via the statutory process of Collective Enfranchisement.
Whichever route is chosen, it is critical that both sides have an accurate valuation of the freehold asset.