The question of who owns the basement area in your building can be a vexed one in Central London and beyond. Many properties have basements or vaults under the footpath or roadway, the ownership of which is not immediately clear from the title.
It is not uncommon for flat owners looking to buy their property’s freehold to discover their Landlord does not in fact own the basement or vault. The question of how best to deal with this can be complicated.
Another situation where basement and vault ownership is a relevant is where property owners want to carry out development work. An adapted vault can make a handy addition to the square footage of a basement flat, not to mention greatly increasing the value. However, before any work is undertaken you must carefully review the title to the property.
We have significant experience in managing these issues and can suggest a number of solutions to help incorporate basement and vault areas into your existing title.
Contact Our Basement & Vault Ownership Team
Our friendly and professional team are experts in Landlord and Tenant matters. Call us today on 0207 631 4141 or email us on email@example.com and one of our experts will be able to advise your best course of action going forward.
Basement & Vault Ownership Services
Investigating and reporting on basement and vault title.
Identifying, where flats are concerned, the ownership of any common areas between the flat and the basement or vault.
Taking steps to obtain, with leasehold properties, the consent of the Landlord to any works of adaptation or change of use.