Leasehold enfranchisement is a complex area of property law that significantly impacts both landlords and tenants. At Adrian Dann & Company, we represent clients in London and surrounding areas, providing them with personal service focused on meeting their goals and objectives.
Southend Freehold Purchase Solicitor
Our Solicitor Adrian Dann, has been practising in residential and commercial property since 1982 and is a member of the Association of Leasehold Enfranchisement Practitioners, a group of specialists in this area.
What Is Leasehold Enfranchisement?
Leasehold enfranchisement is the legal term for the right of a majority of residential tenants or leaseholders in a building to buy the freehold from their landlord. This right was first granted in 1993.
In order to qualify for leasehold enfranchisement, a number of conditions must be present, including:
- The building must contain less than 25 percent commercial or retail elements
- At least two-thirds of the building must be let on leases with at least 21 years remaining
- Leaseholders must represent a majority of the flats in the building
- The leaseholders in question must be willing to participate
Purchasing the freehold has many benefits, chief among them the ability for tenants to manage their own building, essentially acting as their own landlord.
To learn more about leasehold enfranchisement, visit the Leasehold Advisory Services' website.
To discuss your leasehold enfranchisement issues with an Essex leasehold enfranchisement solicitor, call 0808 129 5757 or email our firm for a free half hour consultation.
