Absent landlord - extend lease or purchase freehold

[ethank]

Hi. I purchased my lease in 2004, and was informed by the solicitor just whilst drafting the contracts that the landlord is absent. The person I bought from was told exactly the same, and they arranged for indemnity insurance.

 

I understand that the landlord has been absent for around 10 years. Myself and another leaseholder pay for all refurbishment repairs jointly. I think we have had to spend around £4k over the last few years collectively.

 

I have done my best to trace the landlord, the landlords address stated in the lease is no longer owned by him. In fact our local MP lives there for the last 8 years. I have searched the voters roll and telephone book, and cannot find him.

The builders on the plans, and the firm of solicitors stated in the agreement no longer exist.

 

I would now like to extend my lease or purchase the freehold, whichever is the cheapest.

 

I have 76 years and three months left on my lease.

I bought for 94k in 2004 and similar properties are around £109k now.

Ground rent (if demanded) is £1 per annum.

 

Your help is greatly appreciated.

 

Thanks

[Kentish Lass]

try posting your query on Landlordzone, there is a specific forum for leasehold questions and some very experienced people there.