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Leasehold Enfranchisement

If you own a flat you may be entitled to extend the term of your lease by up to 90 years. In some cases you can group with you neighbouring flat owners to purchase the freehold of the building. Or apply to manage the building instead of buying it.

Extending your lease is important if you have a relatively short number of years left and it may otherwise be difficult to sell or obtain a mortgage on the property. Extending the lease can also add value to your property. If you have more than 80 years left to your lease you will pay considerably less for your renewal than when the remainder of the term of your lease is less than 80 years, so if you are not far off from the 80 year deadline you should be seriously considering your options. Please see our FAQs on the subject {link}.

Leasehold enfranchisement is a complicated area of law with many pitfalls and deadlines to trip up the unwary. We are on hand to advise on all matters relating to enfranchisement and to guide you through the process from start to finish.

We’ll help you navigate complex legislation and provide clear, practical advice on the following:

  • Extension of an individual lease
  • Collective enfranchisement (purchase of the freehold) by the tenants of a block of flats
  • Purchase of the freehold of a leasehold house
  • Collective right to manage the property by the tenants

For further information or to speak to one of our experts, please call 020 8800 8866