Leasehold Enfranchisement
BRM’s property experts will guide you through the intricate enfranchisement procedure, aiding leaseholders every step of the way.
What is Leasehold Enfranchisement?
Leasehold enfranchisement is a legal process in which leaseholders, particularly those in multi-unit residential properties such as flats or apartments, have the right to collectively purchase the freehold of their property from the landlord.
This process allows leaseholders to gain more control over their property, extend their leases, and potentially increase the value of their homes. It typically involves several legal steps.
Our team of property experts are on hand to help you effectively navigate these steps carefully and effectively.
The Process
This process, however, can be intricate and may encounter challenges, particularly if the freeholder opposes it.
Nevertheless, owning the freehold can yield significant advantages, including:
- The ability to extend your lease
- Exert greater control over building management
- Enhance your property’s value.
Our team of specialist solicitors can assist with various aspects of the process including:
- Preparing documentation
- Establishing the necessary company structure
- Serving the Initial Notice
- Responding to the landlord’s requests for validation of the claim
- Handling the conveyancing process
- Adjusting lease terms post-enfranchisement
For more information, kindly reach out to us via our confidential online enquiry form.