Collective enfranchisement is the joint purchase of the freehold by leaseholders in a building containing flats.
By owning the freehold the occupiers take control of the building.
The 1993 Leasehold Reform Housing and Urban Development Act gives tenants in blocks of flats the right collectively to acquire the freehold of the building.
They can grant themselves long leases for a nominal price with the removal of ground rent, and take over the management of the property. An added advantage is that collective enfranchisement is usually a good selling point when it comes to moving at a later date.
However, there are stringent qualifying criteria and the procedure involves complex financial and legal issues.
As members of the Association of Leasehold Enfranchisement Practitioners (ALEP) we have all the necessary skills and experience to handle the intricacies of leasehold enfranchisement. ALEP promotes best practice and only admits suitably qualified and competent members.
We have dedicated teams handling bids separately for tenants and landlords in order to concentrate fully on the particular insights every process requires. We also provide specialist advice on leasehold extensions. Click the button below to find out more.
We offer a free initial consultation to discuss the specific requirements of each situation. Simply fill the form out below and let our experts help you achieve a satisfactory outcome.
We are regulated by RICS (The Royal Institution of Chartered Surveyors) and are committed to the RICS rules of conduct for disputes. We have chosen CEDR (The Centre for Effective Dispute Resolution) as our dispute resolution centre for both residential and commercial clients.
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