Freehold Purchase Solicitors in Manchester and London
Under the Leasehold Reform Act 1967, leaseholders have the right to buy the freehold to their lease, dependent on the tenant fulfilling certain statutory conditions.
Qualifications for Freehold Enfranchisement
There are certain criteria’s to be met for a leaseholder to have the right to a freehold enfranchisement.
These criteria include:
- The house – The house must be considered a house where it is self-contained, and any adjourning properties are divided by vertical walls
- The lease – The lease must have more than 21 years remaining or have a right to renew
- The leaseholder – They must be the leaseholder at the time of application for an enfranchisement and must have held the lease for the last two years
If your tenants make a claim against you to buy the freehold, we can negotiate a good price on your behalf and deal with the legal requirements.
Contact our Property Solicitors:
We would like to discuss your freehold requirements directly to find out how we can help.
Please contact our Property Team by sending an email to us at [email protected] and one of our conveyancing solicitors shall call you back.
Alternatively, please call our property solicitors on 0330 127 8888 for a no obligation discussion.
Monarch Solicitors is a leading UK law firm with specialist commercial property solicitors ready to offer their expertise. Our award-winning Manchester solicitors, London solicitors and Birmingham solicitors offer their legal expertise nationally and internationally.
Call us for a free initial consultation
Unfortunately, tenants have a legal right to by the freehold. However, our team of solicitors can help you negotiate a fair price and ensure advise if your tenants have not followed the strict legal procedure.
It depends on a number of factors including the rateable values of the house at different dates, the ground rent, the number of years left on the lease and the value of the house.
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