The technical term for buying a share of the freehold is referred to as Collective Enfranchisement. Below we answer some of the common questions we get asked about Collective Enfranchisement.
A Collective Enfranchisement is a process that, when the qualifying criteria is met, will result in leaseholders purchasing the freehold of the building.
There are many advantages to collectively enfranchising your building, from gaining management control, to increasing the saleability of the individual flats through gaining a share of the freehold.
Unlike extending a lease, there are no ownership requirements to participating in a Collective Enfranchisement, so if you are a new flat owner, you can participate.
For leaseholders to qualify:
For the building to qualify:
For further information please call our specialist Leasehold Reform Team on 020 7861 5046
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