Transfer of Share Certificate

[zanderman]

Hi there,

I've recently bought a house I have purchased a share of the freehold.

Does anyone know how I transfer the share certificate from the vendor over to me?

Dorian

[Richard Webster]

This doesn't make sense.

Is it a house or a flat?

Did you buy a lease of this house or flat from your vendor (V)?

The freehold presumably belonged to more than one person? V and others?

What did your solicitor tell you about it?

If it was a flat where the freehold title to the building belonged to no more than 4 individuals then V and the others would have to sign a transfer deed to transfer the freehold to you(U) and the others. If the freehold belonged to a company which was owned by the flat owners then you would simply get membership or a share certificate in the company. Your solicitor should have explained all this.

Share of freehold is not a separate form of ownership. It is leasehold where the freehold is owned by some or all of the lessees of the flats in the building.

I suppose a group of houses could have a freehold shared between several people who each owned their individual houses leasehold but I have never seen this.

More explanation about this whole topic found at Shared Freehold Flat Conveyancing

[zanderman]

Hi Richard,

Sorry, I made that more confusing than it needed be. It's a flat not a house.

The freehold is shared between 5 people, 1 of which has now left as I bought her property.

Beyond that I'm not sure whether it's a company I'm supposed to be getting a share of. That would make sense.

I'll investigate further. Thank you for your help in the meantime.

Cheers,

Dorian