Leasehold Enfranchisement – Tenants
Flat owners are able to use a valuable and powerful statutory right called Leasehold Enfranchisement to get together to purchase the freehold of their building from the landlord.
When the owners of the flats purchase the freehold from the landlord, it means that the building is taken care of by people who are accountable for the flats and not the landlord whose only interest will be to generate profit. Enfranchisement allows the flat owners to avoid any premium payments if they would like to modernise or extend their leases. This means that the flat owners can sell or re-mortgage their properties without any value being negatively affected by any short lease terms or out of date content.
Our commercial solicitor team are recognised experts in this field and will be able to guide you through the process in an effective and efficient manner. In addition to this we have strong links to specialist valuation firms in the South East and London; this enables us to help you get off on the right foot from the very beginning.
We also offer a variety of services once a freehold has been purchased including management advice and lease extensions.
We were one of the first firms of solicitors to be listed by LEASE the government backed Leasehold Advisory Service.
If you are unsure whether enfranchisement is appropriate for you, we are happy to meet with you free of charge to discuss the options.