Because of our extensive flat service charge management work, we have acquired a good deal of experience in negotiating enfranchisement and lease extensions. Indeed, this work is frequently referred to us by other surveyors.
In simple terms, if 50% or more leaseholders in a block of flats agree and combine, they are entitled to acquire the freehold interest whether the freeholder wants to sell it or not. It is of course subject to the price, either being agreed, or being calculated in accordance with the statutory formula, if necessary by reference to the Leasehold Valuation Tribunal.
We are happy to give initial advice, either to individuals or indeed to groups of leaseholders (often at AGMs) with the initial contact free of charge.
See our webpage on Leasehold Enfranchisement for more details and contacts.
