Join a community, not a client list.
Boutique London Lawyer
Get in touch today
Call us on 07855 849232 or
email david.gordon@dg-law.co.uk
Leasehold Enfranchisement
Acquiring Freehold Collectively
Do you own a flat in a block of flats? Would you like to acquire the freehold? A leasehold enfranchisement would entitle leaseholders of a block of flats to collectively acquire the freehold of the building. This is a complex enfranchisement process that requires skill and experience in property law.
Benefitting From Enfranchisement
With enfranchisement of a block of flats’ leasehold, you own part of the building’s grounds – you own it collectively with the other home owners in the building. It’s a joint ownership of the freehold. With the joint ownership of the freehold, you have a lot more control over your own property.
Transforming Home Ownership
Leaseholds can potentially reduce the value of a property because of the freehold’s time span. Leaseholds can have time extended to 999 years, thus boosting the value of the property. You can also refurbish the property but it can be at the freeholder’s peril. However, if you are the freeholder, you are the owner of the property and your heirs will not eventually loose rights to the property.
Freehold Team Work
Disputes between co-freeholders can occur, including late or non-payment of any repairs and up keeping of the building and grounds. You and the other home owners could assign an agent to manage the freehold or you could collectively self-manage, which might get tricky if all freeholders are not in synch.
What If Other Leaseholders
So what if other leaseholders aren’t interested in the freehold of the building? Some leaseholders might be planning to move, there are buy-to-let landlords who benefit from the leasehold and also home owners who live abroad, making it difficult to process the enfranchisement and honour maintenance obligations.
If you are thinking of acquiring a freehold and are dependant on other leaseholders to take the leap, please give us a call for an informal discussion. We are here to help. SG
Make An Enquiry
Call us now on 07855 849232 or complete our Online Enquiry and we will be delighted to talk with you about your legal matter.
Share Article With:
Make An Enquiry
Blog Categories
Client Reviews
DG Law were fantastic throughout our purchase process. We had a short, fixed, timeline to
DG Law supported us through a very difficult contractual negotiation to achieve exactly the outcome
We were very pleased with the way that DG Law helped us on our transaction
DG Law resolved a difficult lease renewal for us and their services were excellent –
I needed understanding and experienced legal advice. DG Law provided an excellent service at a
My experience was second to none – the service was professional and personal. DG Law
DG Law always step up to the plate on our transactions and handle the various
DG Law was recommended to me and my partner and I received excellent advice –
Having worked with DG Law a number/couple of times now, I have been really impressed
DG Law were constantly at hand, and kept pro-active throughout the thorny process of getting
DG Law came recommended to me and whilst setting up a new business it was
We were recommended three lawyers to handle the sale of our seven year old successful
Why Choose Us?
We live by our core values of transparency, flexibility and being honourable – every day
We put ourselves in your shoes so we understand your problems from the inside out
We deliver our advice in a way that is easy to understand