Under a number of Acts of Parliament including
the Leasehold Reform Act 1967 and the Leasehold Reform,
Housing and Urban Development Act 1993, as amended by
the Commonhold and Leasehold Reform Act 2002, owners of
leasehold residential property have rights to enfranchise
freeholds. For example qualifying lessees could jointly
purchase the freehold of their block of flats.
Both Leaseholders and Freeholders will need specialist
advice to determine their best course of action. We have
been acting in these cases for several years and have built
up a substantial base of knowledge on the valuation principles
If you wish to investigate the possibility of enfranchisement
make sure you get professional advice to ensure that the
terms are fair.