There is only a nominal value in your share of the freehold, in the case of my flat it's ?1. By having a share of freehold it could be argued that the value of the property as a whole is increased and would be reflected in the sale price. For example flats with a share of freehold or long lease will cost more to buy than a flat on a short lease. I would assume that as you would hold one of 7 equal shares in the freehold company, that if you were all to sell the freehold to an external freeholder, thus becoming leasehold again, you would each receive one seventh of the price paid for the freehold... ETA: After re-reading your OP, this may not be the case as you are paying a higher % of service charge, therefore you may have to pay 19% of the freehold cost when you come to buy it, and similarly you would receive 19% of it's sale price if it was ever sold. It's these issues that your solicitor who writes up the Articles of Agreement needs to sort out...