Lease Enfranchisement
Flat owners wishing to purchase the freehold of their property may demand to do so at any time provided at least 50% of eligible flat owners also apply. For example, a building containing two flats needs both owners to demand the freehold. One with three flats also needs a minimum of two flat owners.
The Lease Advisory Service provides details of eligibility for purchase of a freehold. Flat owners who qualify should then instruct a surveyor to produce a valuation of the freehold. Your solicitor will serve a formal initial Section 13 notice on the freeholder(s). The freeholder must respond with a formal counter notice within two months of the date of the original notice.
Tibbatts & Co provides expert advice on valuation of freehold, dispute resolution, and representation at Leasehold Valuation Tribunals should this be necessary. The valuation of houses for leasehold enfranchisement and lease extensions is complicated and we always recommend that your first step should be to instruct a solicitor.
