Freehold Acquisition - Rose and Rose Solicitors

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Right to Manage (/services/lease-extensionfreehold-acquisition/right-to-manage.aspx) Lease Extension & Freehold Acquisition Contact us for a Consultation (/contact-us.aspx) or phone us on 0203 733 4480 Leasehold enfranchisement (also known as Collective Enfranchisement or the Right to Enfranchise) is the right for flat leaseholders to join together (under the Leasehold Reform, Housing & Urban Development Act 1993) to force their landlord to sell the freehold to their block of flats to them. Leasehold Enfranchisement applies only to residential property. When you buy the freehold, you become both landlord and tenant and can extend the lease of your flat by granting yourself a new lease of up to 999 years. The main reasons for leasehold enfranchisement are as follows: You stop the value of your flat deteriorating – buying the freehold enables you to grant yourself a very long lease, for up to 999 years – and what's more, you can do this at what's called a 'peppercorn rent' – so your lease becomes, in effect, rent free Lease Enfranchisement allows you take over the management and maintenance of your block – enabling you to avoid overly expensive service charges. Disputes over service charge levels are amongst the most popular reasons for lease enfranchisement Lease Enfranchisement can provide your family with a more secure inheritance The value of your block will probably increase – some purchasers avoid purchasing leasehold property Remortgaging your flat will probably become easier. Not only do some mortgage lenders refuse to lend on flats with less than 60 to 70 years left on the lease, but many prefer the increased security that freehold, as distinct to leasehold, property offers The process of Lease Enfranchisement involves complicated time limits and procedures and it's essential you get the right legal advice. Rest assured that our team will provide that advice Not only can we help flat owners to exercise their rights, we can also assist Landlords to minimise the adverse effects of the new changes. If your lease has less than 90 years remaining you should think about extending your lease, especially if the purchase of the freehold with the other flat owners is not an option for you. If your lease has over 80 years to go you need to act urgently before it drops under 80 years and marriage value is payable to the freeholder. Download our Collective Enfranchisement advice sheet here (/media/7786/collective-enfranchisement-advice-costs-sheet.doc) Download our Lease Extension advice sheet here (/media/3445/lease-extension-advice.pdf) Call us on 0203 733 4480 or email [email protected] for further information

(/our-people/richard-turney.aspx) Richard Turney (/our-people/richard-turney.aspx) Partner Send email (mailto:Richard%20Turney%[email protected]%3E?subject=WWW-Email:) View profile (/our-people/richard-turney.aspx)

(/our-people/nick-roots.aspx) Nick Roots (/our-people/nick-roots.aspx) Send email (mailto:[email protected]%3E?subject=WWW-Email:) View profile (/our-people/nick-roots.aspx)

(/our-people/ryan-senior.aspx) Ryan Senior (/our-people/ryan-senior.aspx) Send email (mailto:[email protected]%3E?subject=WWW-Email:) View profile (/our-people/ryan-senior.aspx)

We engaged Rose and Rose to recover a bad debt. Their service was excellent and we recovered the full amount plus costs with minimal effort. I have no hesitation in recommending their services and we © Rose & Rose Solicitors. All rights reserved. Quality Solicitors Rose & Rose is the trading name of Rose & Rose Solicitors LLP (Company no. OC363353) Registered Office: The Riverside Centre, 40 High Street, Kingston upon Thames, KT1 1HL VAT Number: GB 928 5154 08 Telephone: 0203 733 4480 | Email: [email protected] Authorised and Regulated by the Solicitors Regulation Authority (SRA) | SRA ID: 559162 The Legal Ombudsman (/legal-ombudsman.aspx)

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Freehold Acquisition - Rose and Rose Solicitors

(http://www.roselegal.co.uk) 0203 733 4480 Kingston Upon Thames (/) Home (/) Services (/services.aspx) About Us (/about-us.aspx) Testimonials (/test...

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