Collective Enfranchisement Solicitors
If you are looking for collective enfranchisement solicitors to support your claim to buy out a freeholder or to help you when a claim is made to buy out your freeholder status, then Kirkby Diamond has the team that you need. Not only do we have the skills and experience required to understand collective enfranchisement, but we also have a team of people that can help you to get the outcome you want and support you when planning for the future. Find out more about our skills and experience now.
What is Collective Enfranchisement?
Collective enfranchisement describes the process in which the leaseholders of a block of apartment buildings or flats can move forward with buying out a freeholder. This became a part of UK law in 1993 via the Reform Housing and Urban Development Act.
Choosing to use the process of collective enfranchisement can be a challenge as there are many different legal aspects to consider. Once you have completed the enfranchisement process, you will be able to decide on the process in which you can grant and extend leases, as well as deciding on the cost of service charges, fees, and choosing what the management of your building will look like.
With the right support and experienced collective enfranchisement solicitors, you can achieve your goal. At Kirkby Diamond, we can offer this support and will work with you and the other leaseholders to meet your needs.
Our Experience of Collective Enfranchisement
When you choose Kirkby Diamond for your collective enfranchisement case, you can look forward to receiving high-quality and up-to-date advice on your specific rights and legal obligations that are linked to owning a leasehold. Some of these include:
- Understanding lease extension
- Creating appropriate resident or tenant associations
- Having the right the manage the property
- Gaining the first refusal right when it comes to buying the freehold
- Support with management issues as they arise
The other role our collective enfranchisement solicitors can take is to help you understand your eligibility before you proceed and then work with all interested parties during the process to ensure that everything progresses smoothly and appropriately so that all legal requirements are fully met.
Understanding Your Eligibility
If you are interested in proceeding with collective enfranchisement, you will need to make sure that you are fully eligible. The main requirements to proceed include:
- Having the agreement of at least 50% of the current leaseholders
- Ensuring that the building qualifies for the process
- Owning your lease for a minimum of 2 years
- Having a lease that was for a minimum of 21 years when it was first granted
- Ensuring that your lease is not for business or commercial needs
- Not living in a charitable trust
- Not owning two or more apartments
If you think you are eligible and want to instruct our collective enfranchisement solicitors, then get in touch with the Kirkby Diamond team today, and we will arrange an initial discussion to assess your claim. We can't wait to support your property needs.