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, Neil Maloney RICS, 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:-
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.
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.