Collective Enfranchisement

enfranchisement

Collective Enfranchisement

The leasehold reform made it possible for leaseholders to extend or purchase their property’s freehold. A collective enfranchisement is a group of leaseholders can purchase the freehold. This is a complex process of purchasing the freehold of a block of flats or properties. The Leasehold Reform Housing and Urban Development Act 1993 granted leaseholders the right to apply for the freehold.

Case Scenario

One example of collective engranchisement is when the owners of apartments in the same block, decide to join forces and buy the building’s freehold. All leaseholders need to agree to this and need to also agree if they would like to purchase the freehold or simply extend it for 90 years. This is a compound process, involving several entities, including the freeholder. The first port of call is an experienced and qualified solicitor or lawyer that understands the complexities of enfranchisement.

Course Of Action

You and the other leaseholders will need to find out if the entire property qualifies for freehold acquisition. You’ll also need to discuss it with the other leaseholders exactly what their intentions are, whether they are all in agreement that they’re looking to buy the freehold or extend the lease. In addition, a surveyor can undertake a valuation survey of the entire building and prepare a report. The surveyor’s report will help the leasholders to decide if they want to move forward with the freehold purchase.

Contact A Lawyer

Contact a qualified property lawyer with experience in the area of freehold acquisition. For your collective enfranchisement application, we can guide you from the start right through to completion. We recommend that you get a participation agreement. A participation agreement lists all costs, how costs will be covered and by whom. For more clarity on the Leasehold Reform Housing and Urban Development Act 1993, please contact us for a no obligation consultation. SG

Make An Enquiry

Call us now on 020 7113 4003 or complete our Online Enquiry and we will be delighted to talk with you about your legal matter.

Free Enquiry

Back to all news

Share Article With:

Make An Enquiry

    Global Excellance Awards

    Client Reviews

    DG Law were fantastic throughout our purchase process. We had a short, fixed, timeline to

    Venetia Lawson-Cruttenden [solicitor] is fantastic!  She is always so thorough and efficient and gives you the

    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

    Thanks for all the help from DG Law in pulling together our somewhat complicated loan. 

    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 organised and ran a very useful session to help to make our team’s

    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