This questions relates to a property in the UK... My brother and I inherited a flat from our mother. We have four people who would like to purchase it to rent out. My mother paid £5,000 a few years ago when the then freeholder offered the freehold to the residents. There is a lease that says a purchaser cannot rent out the flat until they have owned the flat for 2 years. This has cost us three would be purchasers. As my mother bought the freehold along with others does this clause still apply? Is there any way around it so we can sell to someone who wants to rent out the flat? Thank you..David XXXXXXXXX
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Did your mother own the whole freehold or part of it?
How many other flats are there in the block?
What exactly does the covenant say?We need full background please