Collective Enfranchisement It is a right, subject to qualification, for the owners of flats in a building, and sometimes part of a building, to join together and buy the freehold of that building.
The Leasehold Reform (Housing and Urban Development) Act 1993 allows qualifying leaseholders to collectively purchase the freehold of a qualifying building should the requisite number of leaseholders participate.
The Landlord is entitled to a premium for such Collective Enfranchisement.
This area of law is complex and there are strict time limits for serving and receiving notices which if not complied with, will result in the process failing. It is therefore vital to have experienced legal advisers to assist you.
We can assist you in all aspects of the Collective Enfranchisement process.
We have vast experience in acting for both Freeholders and Leaseholders.