It has been 6 years since the last opportunity for Leasehold titled properties to convert to Freehold title and it appears there is another opportunity in the near future. Recently, a letter was sent to Leasehold owners asking for “expression of interest” applications to be completed if they were interested in Freehold interest in their property. Details such as price, procedure, etc were NOT detailed as they stated the level of interest would determine the feasibility of moving forward. The letter stated that May 2018 was the possible timeline for allowing the conversions to happen. The owner will have to create a Disclosure Statement and provide it to those interested prior to “conversion” happening.
Other videos of interest: