We represent landlords and tenants in leasehold enfranchisement negotiations. In 1993 and 2002 the government extended the legislation which allows any tenant of any residential unit to either purchase the freehold or extend their lease by 90 years provided the original lease was granted for a term of longer than 21 years and, in the case of a lease extension, the leaseholder has owned the property for more than two years. The purchase of a freehold can either be by the leaseholder of the house or collectively by the tenants of a block of flats, as long as more than 50% of them participate and providing that any commercial space in the building does not comprise more than 25% of the floor area of the whole. If purchasing the freehold is not an option, then tenants may be entitled to extend their existing lease by 90 years and remove any ground rent.
We regularly advise individuals, investors looking at short leasehold opportunities and groups of tenants wanting guidance through the complex legislation and our expertise extends to representing cases in the First-tier Tribunal (Property Chamber), formerly the Leasehold Valuation Tribunal.
Contact the Leasehold Enfranchisement team on 020 7664 6648.