Leasehold Enfranchisement
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You want to extend your lease. You want to buy via first refusal or as a group. Or you want to manage.
You certainly want increased security as far as your home is concerned. Whatever the issue, we’ll help you find the best solution quickly.
Think of us as your guide through a complex and changing field of law. We’ll make the complicated more straightforward. We’ll give you high quality practical and commercial advice. From a team of enfranchisement experts. Lawyers who understand the ins and outs. Who have a strong record of advising both landlords and leaseholders. And who focus on delivering what you want. On a wide range of issues:
Right of first refusal
The Landlord and Tenant Act 1987 establishes a right of ‘first refusal’ for leasehold flat owners where the landlord intends to sell the freehold. We act for landlords so that they won’t fall foul of the provisions of the 1987 Act, and help tenants acquire the freehold cost-effectively.
Lease extension
The Leasehold Reform, Housing and Urban Development Act 1993 provides flat owners with the right to extend a long residential lease by 90 years at a peppercorn rent. To qualify, your lease must have been granted for an original term of 21 years and you must have been the registered proprietor of the lease for at least two years. You will also need to instruct a valuation surveyor and bear in mind that the laws on valuation are likely to change when the Law Commission’s 2020 proposals are implemented.
Collective purchase of the freehold of a building
The Leasehold Reform, Housing and Urban Development Act 1993 makes provision for a group of leaseholders to collectively purchase their freehold. At least 50% of leaseholders must take part. You don’t need to have owned your flat for two years to participate in the freehold purchase. At least two-thirds of the building’s leases must currently be let to qualifying tenants, the building must be self-contained and at least 50% of tenants must participate in the claim. You will also need to instruct a valuation surveyor and bear in mind that the laws on valuation are likely to change when the Law Commission’s 2020 proposals are implemented.
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