Purchasing the Freehold of a Flat or Apartment
Collective Enfranchisement is the legal right for tenants of flats and apartments to be able to purchase the freehold to their property at a fair market price under the Leasehold Reform, Housing and Urban Development Act. Our freehold purchase solicitors can guide your through the process of buying the freehold to your flat or apartment.
For tenants involved it is important to understand that by purchasing the freehold of a flat or apartment, you will share the freehold of the whole property with fellow tenants living in the property, and so close cooperation, communication, and a consensus and agreements is essential in order for this to work.
Collective enfranchisement can be a complex procedure and the appropriate notice needs to be served onto the landlord at the right time to raise a claim for enfranchisement as there are strict timelines to adhere. Failure to do so may incur in unexpected additional costs and delays.
How Our Freehold Purchase Solicitors Can Help
The process of purchasing the freehold to a property can be complicated and as such professional advice is recommended.
Our accredited residential property solicitors have vast experience of completing numerous freehold purchases of all property types. This has allowed our residential property solicitors to encompass extensive knowledge and know-how of each step in the process of a residential freehold purchase in order to provide reassurance for peace of mind for our clients and ensure the process progresses smoothly and efficiently in the interests of both parties involved.
Price & Service Transparency
Monarch Solicitors provide highly competitive fees. For matters of transparency, a full personalised costs breakdown will be provided to you in our Terms of Engagement letter so that you are wary of the total potential costs associated to a freehold residential purchase.
Contact our Collective Enfranchisement Solicitors
We would like to discuss your collective enfranchisement requirements directly to find out how we can help purchase the freehold to your flat or apartment.
Please contact our collective enfranchisement solicitors by sending an email to us at [email protected] and one of our team shall call you back. Alternatively, please call our solicitors on 0330 127 8888 for a no obligation discussion.
Call us for a free initial consultation
It is a right for the owners of flats in a building, and sometimes part of a building, to join together and buy the freehold. Provided at least 50% of the flats in the building, who are qualifying tenants, participate and the building qualifies the landlord cannot refuse. The procedure is quite complex, and the correct notice needs to be served on the landlord, so it is advisable to use a specialist solicitor and surveyor when undertaking this process.
To qualify the building must:
- Contain at least two flats;
- at least two-thirds of the flats must be owned by qualifying tenants. A qualifying tenant is essentially a leaseholder who has a lease that was in excess of 21 years when first granted.
Yes, even if the tenant satisfies the above criteria, they will not be a qualifying tenant if any of the following cases apply:
- the landlord is a charitable housing trust and the flat is provided as part of the charity’s functions;
- the tenant owns more than two flats in the building. This is either jointly with others or solely in their own name. Please note where this applies these flats will be discounted from the two-thirds;
- the tenant has a business or commercial lease.
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