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The management company is run by "us", i.e. the flat owners, and the land that we're looking to sell is currently amenity space that all flat owners can use. All flat owners have agreed to the sale of this piece of land, so none of the flat owners need to sell their flats.

I own a flat that's in a block of 12 flats, and the management company that runs the flats bought the freehold 15 years ago for £20k. We've recently had an offer from a developer to buy a part of the land for £500k. Can anyone offer advice as to whether the management company will need to pay...