Whether you are seeking to extend the lease of a property or take control of the management of your own building, our specialist team will be able to advise and assist you with their extensive experience. Our team has a thorough understanding of the Leasehold Reform Act 1967, the Housing and Urban Development Act 1993, the Commonhold and Leasehold Reform Act 2002 and the procedures involved in leasehold enfranchisement and leasehold disputes.
Our services include:
– Matters following enfranchisement;
– Right to manage;
– Tenant’s pre-emption rights and the right to buy; and
– Lease extensions.
We have wide experience of all types of enfranchisement and dispute work, including matters involving high-value central London properties and complex collective enfranchisements and disputes involving large blocks of flats. We act for both freeholders and leaseholders, which enables us to offer balanced as well as expert and practical advice.
At first instance the parties may not agree on the valuation leading to the calculation of the purchase price. For this reason, it is essential that valuations are carried out by qualified surveyors who are familiar with enfranchisement and the local markets.
The law does not provide any guidance or controls on the way in which qualifying leaseholders should conduct themselves during the enfranchisement process or dispute. This can cause delays and make the process expensive. A formal agreement should therefore, be entered by the leaseholders and possibly the freeholder to regulate the relationship during the dispute or enfranchisement.
London properties and large blocks of flats can be expensive. The finance can break or make a deal. Prior to embarking on the acquisition of a property or pursuing a dispute, the finances should be put into place.