Purchase of Freehold Interest ("Collective enfranchisement") and Leasehold Extensions There are two rights for long leaseholders both of which are contained within Part 1 of the Leasehold, Housing and Urban Development Act 1993 amended by the Housing Act 1996 and the Commonhold & Leasehold Reform Act 2002. A right for individual lessees to renew their lease which, in effect adds 90 years to the unexpired term of the existing lease, subject to certain qualifications. A group right for leaseholders of flats to purchase the freehold interest of the building in which they reside, subject to certain qualifications. For lease extensions, the previous residency test has been abolished. The property now has to be owned by the qualifying tenants for a period of at least two years before a claim is made. Services we provide We have a team specialising in legal issues that may occur with leases. Our property department has over 15 years experience acting for landlords and tenants. The leaseholder may wish to acquire the freehold of the building or extend their lease. This is important for flatowners who find it difficult to sell their property because the lease has less than about 80 years remaining, or are in dispute their landlord about repairs and service charges. We can assist in the following ways:
|


