Leaseholders Guide to Collective Enfranchisement (New Edition)
As a leaseholder you’ll no doubt be aware that you and your fellow residential leaseholders are legally entitled to collectively purchase the freehold of your block – known as a collective enfranchisement.
To help you and your fellow leaseholders, we’ve created a helpful Guide to Collective Enfranchisement.
In this guide we answer and cover in detail the following:
- How to prepare for your collective enfranchisement project
- 5 Steps you need to complete before starting the process
- How long does it take to complete the process?
- We cover the three most common scenarios after starting the process and detail the average duration of each one.
- The most common challenges/considerations and how to respond!
- Securing 50 percent leaseholder participation
- Locating the freeholder
- The freeholder doesn’t respond to the Initial Notice
- The freeholder disputes your right to buy the freehold
- We can’t agree the premium
- We can’t agree on legal issues, such as rights of way
- The freeholder’s legal costs are too high
- Managing a rogue leaseholder