Are you or your clients looking to extend a lease or deal with a freehold issue? Is the freeholder missing or untraceable through the usual channels?
Grafton Freehold Research can help.
By tracing missing freeholders or establishing that the leasehold has been passed to an unknown third party, we can help to make your case for a Vesting Order.
Why are Vesting Orders sometimes needed? Freeholders can be untraceable for a variety of reasons. In these situations, Vesting Orders are legal mechanisms by which property ownership can be transferred to the appropriate person. These are usually applicable in the following cases:
1. Illness. Some freeholders may have become incapacitated through illness, and do not have any close family or appointed representatives who can take on their financial and legal responsibilities for their properties. A Vesting Order is an appropriate legal solution for residents and leaseholders to take over ownership.
2. Death. A freeholder may have died and left their assets to someone. However, this beneficiary may be missing themselves, or dealing with a long and complex probate process. If there is no will, a Vesting Order can be applied to transfer ownership.
3. Empty or Abandoned Home. Residential properties can be abandoned for the above reasons, as well as relocation or admission to care. Vesting orders are appropriate in these circumstances.
Each case poses its own unique challenges, and with our expert knowledge and long experience in tracing freeholders, beneficiaries and speaking to bereaved families, we can find inexpensive and efficient solutions for all your missing freeholder issues.
