Collective Enfranchisement

As a result of recent changes to the legislation governing leasehold property, the procedure enabling lessees to buy the freehold of the block in which their flat is located has been simplified.

Nonetheless, this is still a complicated process that requires a prescribed route to be followed. There is a substantial amount of work to be completed if the application is to be successful – the application being the right to Collective Enfranchisement.

Parsons Son & Basley have the appropriate knowledge and skills to help both landlords and tenants navigate through the process. Indeed, our Senior Partner, Geoff Holden FRICS, helped write the Guidance Notes for Chartered Surveyors on the valuation of such interests. We truly are experts in this field.

We are also members of ALEP – Association of Leasehold Enfranchisement Practitioners.  ALEP was formed in 2007 and now has more than 160 member organisations. It is a not-for-profit association that brings together barristers, enfranchisement intermediaries, managing agents, solicitors and surveyors working in the residential leasehold sector. ALEP promotes best practice by vetting all members to ensure that they have expertise in leasehold enfranchisement.

Membership of ALEP is for appropriately qualified/experienced firms only and ensures that clients can be confident they are employing the right people to handle potentially complex transactions.

Because the needs and expectations of landlords and tenants are disparate we have a dedicated team for each party. We offer a free initial consultation to explain the valuation process and to discuss individual requirements. Please contact:-

Geoff Holden FRICS for freeholder enquiries or Paul Holder MRICS if you are a leaseholder.


Lease Extensions

In addition to advising on collective enfranchisement we also provide valuations for individuals seeking a lease extension.

Again, mindful of the different needs of the parties we have separate teams advising freeholders and leaseholders.

Houses

Although there are very few leasehold houses in South East England we will also be pleased to advise both freeholders and leaseholders regarding valuation issues under the Leasehold Reform Act 1967.


For further information about ALEP, telephone 0845 225 2277 or visit www.alep.org.uk

"Paul has been very helpful to me in advising on valuation and sale of a leasehold flat involving legal dispute with the freeholder who wished to buy it, and as a sale price negotiator. After preparing a report and valuation of a lease extension, Paul successfully negotiated the flat's sale price upwards of 50 percent over the freeholder's original offer. I would not hesitate to employ him again for any problematic property transaction; likewise any surveyor at Parsons Son & Basley who have now done two RICS Homebuyer surveys for me”
Mrs G M
Brighton
"Paul Holder has provided me with invaluable professional support over the past year. I was delighted with the result he achieved on my behalf - I could not have hoped for a similar outcome had I proceeded unaided."
Mrs L W
Brighton
"We thank for your help and are extremely grateful for your professionalism on this matter”
R H
Hove
"I wish to thank you (sic Barry Hough) and Paul Holder for the way you have conducted the business of re-letting the premises, your approachability, availability, professionalism, advice and friendliness is greatly appreciated by me. If ever I need to call on such services again or are asked for a recommendation, you are at the top of the list, trust me."
Mr D B
Brighton
"Good Morning Paul Holder. Thank you for your emails. That is great news that the District Valuer has agreed your figure already. Your help is much appreciated”.
W M
Solicitor, Hove