Long Leases – Buying the freehold

If you have a long lease of your flat or house and are not happy with the way the landlord is managing the building, you can do something about it through enfranchisement. This is a process which enables a number of leaseholders to group together and form a company to purchase the freehold interest. When you purchase the freehold with your fellow leaseholders, you will become both the landlord and the tenant. Enfranchisement allows leaseholders more control over the management of the building.

The law in this area is complex and certain qualifying criteria must be met before an application can be made. As there are strict time limits to be met, it is important that you obtain specialist advice and assistance with the preparation of notices and making the necessary applications.

Saracens Solicitors are only too pleased to assist if you and your fellow neighbours are considering leasehold enfranchisement. Contact us with your enquiry for a cost friendly quote.