A group of leaseholders in the shared block of flats can join together in the statutory process called collective enfranchisement. This allows you to take the freehold control into your hands by enfranchising the freehold title from your current landlord, providing you meet the set eligibility criteria in Leasehold Reform, Housing and Urban Development Act 1993.
We can discuss your situation and check whether you are eligible and determine the collective enfranchisement premium covering all outcomes.
You may wish to collectively enfranchise freehold for the following reasons:
- The block is not managed efficiently and repairs are left unattended.
- Most of the flats are on the short leases and sometimes it is better to collectively enfranchise rather than individually extend the leases.
- You want to take into your own hands the management of service charges.
- You have absentee freeholder.