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Forfeiture of 999 year lease by freeholder

from John Haynes (john@haynes56.freeserve.co.uk)
In 1988 I purchased a 999 year lease on an appartment for #125,000,mortgaged to Abbey National.Due to arrears Abbey repossessed in August 1991 and in October 91 the freeholder kicked in the door and forfeited the lease for rent arrears of #108.68.Abbey never marketed the property and settled with the freeholder in 1995,they never regained possession.They were paid #113,000 and at that time were owed #250,000.They are keen to end matters with myself and want me to sign to say that I won`t pursue them and they won`t pursue me.So far I have resisted the property is now worth #240,000 and the freeholder is keen to sell but I have managed to block their efforts.I have been to court many times and the Judge always seems to side with the freeholder the upshot being that if I owed only one penny in rent he would say that entry by the freeholder was legal.I welcome your views.....Many thanks,I wish I had discovered your brilliant web site sooner.
(posted 8618 days ago)

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