Under the law, many residential property leaseholders have the right to compel their landlord, their building’s primary owner, to sell them the freehold.
If you live in a block of flats, you and your fellow flat-owners can group together and buy out the freeholder through a process known as collective enfranchisement; if you are a leasehold house-owner you have a similar right to buy your home’s freehold from the current owner who, because they own the land your house stands on, is effectively your landlord.
What is collective enfranchisement?
Collective enfranchisement gives property ownership to a group of lessees, giving them the collective right to control the management and maintenance of their building as a whole.
To be eligible, leasehold flat owners must meet certain criteria and it is advisable for each participant to be well-prepared in advance, with adequate funding at the ready, to avoid unnecessary delay as your case progresses.
Whilst your collective rights as leaseholders are clear, the legal process is necessarily detailed and can be complex, especially when multiple interested parties are involved, and in most cases there will be a requirement to set up a Rights to Enfranchise company as the legal entity to administer your ownership. Our specialist commercial property lawyers are experienced in this field and will handle your case with the utmost care and personal attention.
Without up-to-date and relevant professional expertise and an in-depth knowledge of property law, many collective enfranchisement proposals fail, so it is essential to have experienced solicitors on your side, safeguarding your interests throughout the process and protecting your home and your property assets.
What is individual enfranchisement?
Just as a group of leasehold flat owners may have a collective right to own their building and the land on which it stands, if as a leasehold house owner you want to own your property outright, you can apply to buy your home’s freehold.
In some cases, your first step will be informal: if your landlord is willing, it may simply be a matter of negotiating terms and coming to a legally-binding agreement.
More usually, you will need to follow a standard procedure set down in law that protects the interests both of the original freehold owner and of the property leaseholder. In order to qualify, you must have more than 21 years remaining on your lease and have been the leaseholder for at least two years.
A professional property valuer will determine how much your freehold will cost; if a figure cannot be agreed, the price will be decided by a Leasehold Valuation Tribunal.
Where do I start?
If you are considering pursuing collective or individual enfranchisement, speak to us first.
Leasehold law governing enfranchisement is very specific and triggering the official process brings immediate cost obligations, so it is important to consult a professional property lawyer at the earliest opportunity in order to understand the full implications of your position before taking any action.
As expert residential conveyancing specialists, we have many years’ experience dealing with all manner of legal issues relating to freehold and leasehold property ownership. Our friendly team can offer knowledgeable and reliable advice and second-to-none service that focusses on your specific needs and individual circumstance.
Our residential and commercial property law professionals will ensure your enfranchisement action has the greatest chance of success and, because we know the value of clear communication, we will use plain English to keep you up-to-date with how your case is progressing throughout the process.
For more information and guidance on how much your collective or individual enfranchisement might cost, call us on 01243 786668, email the property team at info@georgeide.co.uk or contact us directly using the details shown.
George Ide LLP. We’re on your side
Contact our team
For further information about any of our services or to book a no-obligation consultation, call us on 01243 786668 or email directly at info@georgeide.co.uk.
Client Testimonials
For the sale and purchase of our properties we found the service we received throughout the conveyance to be exemplary. A clear, efficient and professional service from Nicholas Smith and his team.
I would look no further for any future property conveyance and as a result of this experience with George Ide I will consider them, first and foremost, for future legal matters.
Ian & Susan Archer
Nicholas Smith
We want to say a very big thank you to both of you for all your help in our house moves. We have been very impressed with your highly efficient, no fuss approach to the conveyancing. It has made the whole process so much easier for us and we would have no hesitation recommending your services to others.
Best wishes and thank you once again.
Tony &Joanne Heys
Nicholas Smith
Excellent service again – even better than last time. I was particularly impressed and grateful for the very speedy email communications; they were always prompt but also importantly, they were succinct. I was also pleased at the help given in distilling the important considerations and that Nick identified a major issue with the title very early on in the process.
Mike Smith
Nicholas Smith
An outstanding week – thanks for the speed and efficiency on the two deals you’ve acted on. I just wish all solicitors were as proactive as you.
It doesn’t get much better than this.
Mr C
Nicholas Smith
A friendly, helpful and competent service close to home and we felt welcome, relaxed and confident in their hands. Thank you all.
Egon & Pamela Frey
Nicholas Smith
Thank you so much Nicholas for the brilliant service you have given is throughout the selling and buying of our properties. You, and Maddie, have been exceptional.
Mr and Mrs Holder
Nicholas Smith
Just a note to thank you both very much for your help during the sale of Betty’s apartment. I was pretty stressed about it all, especially after the first sale fell through. But your kindness and efficient follow-up on everything really helped me. I have total confidence in your services and would not hesitate to work with you again. Very best wishes.
Sandy
Nicholas Smith
It is hard to improve on an existing, excellent service and I have no suggestions to make. I will definitely recommend you and would use your services again.
Mr. Philip Oliver
Nicholas Smith
Nicholas Smith was highly professional, focused and responsive. He worked to a very tight timetable to
complete the purchase of our house and I would strongly recommend him to prospective clients
Robert & Nathalie Forman
Nicholas Smith
Thank you for informing C that she has successfully exchanged on Bell Cottage.
Can I personally thank you for your prompt and excellent service. Your turn-around has been exemplary.
As a result we will be arranging power of attorney, and any other legal work in the future, through George Ide’s offices.
RB
Nicholas Smith
The speed from offer to completion surprised everyone we spoke to and more than met our deadline to beat the June Stamp Duty deadline. Well done, absolutely delighted.
John Middleditch
Nicholas Smith
Many thanks again for your work and support on the sale of my flat in Putney – as per my previous experiences on sale/purchasing properties with your help, you give conveyancing lawyers a good name! Very efficient, prompt and pragmatic plus you know what to advise/caution me on without overdoing it. After the dust has settled I will be looking for an investment property to buy so no doubt will be back in touch in due course. Enjoy the rest of the summer and thanks again.
Katherine Marshall
Nicholas Smith
Contact Our Friendly Legal Experts Today
For general enquiries or to discuss more specific needs in personal or commercial law please get in touch with a friendly member of our team today.
Latest News
21st November 2024
What is a Personal Injury Trust?
13th November 2024
How Long Does a Personal Injury Claim Take to Settle?
1st November 2024
All You Need to Know About LPA (Lasting Power of Attorney)
30th October 2024
Common Personal Injury Claim Mistakes and How to Avoid Them
27th June 2024
