Are you a residential leaseholder interested in purchasing your rental property? It is fundamental to receive the right legal support when making an application for Enfranchisement. Our specialist Enfranchisement lawyers at Ackroyd Legal seek to guide you each step of the way.
The first step is to understand what Enfranchisement is. Legislation was created to allow leaseholders (tenants) the opportunity to purchase the freehold of their residential rental property.
The average time is between two to three months from when the landlord receives an initial notice from the tenant. The process frequently entails a significant amount of investigatory and negotiation work
You must be a tenant under a lease granted for a term of more than 21 years or with a right to renewal (must be held for the past two years).
For the property to qualify for enfranchisement, it must be a house that is vertically divided from adjoining houses.
If the enfranchisement relates to a block of flats, this may still be eligible for enfranchisement if the lease is for the entire property, or the enfranchisement only relates to the lease extension of one flat.
Ackroyd Legal can assist you with the following ways to make an application for Enfranchisement:
1. Leaseholders in a block of flats working together to purchase the freehold of the building (Collective, Freehold or Leasehold Enfranchisement and Freehold Purchase)
2. Extending your lease (typically 999 years through a statutory or formal lease extension)
3. Adopting the management of a block of flats (Right to Manage)
In most cases, seeking expert help is the best option. At Ackroyd Legal, we have experienced Enfranchisement solicitors who are ready to assist you through the entire process.
Ali Ebrahim is Head of Wills and Probate of the Ackroyd Legal group.
With over 20 years of experience in Private Client, Ali has been advising on simple and complex Wills, administering small and high net worth estates, and serving clients in the UK and overseas. He also advise on Trusts and Lifetime planning with a view to mitigating Inheritance Tax.
His specialism also includes matters in relation to Lasting Powers of Attorney and applications to the Court of Protection for Deputyship Orders.
Born from one of the fastest-growing, city-based law firms in recent times, brings together the best of the best. The best experience, the best lawyers, the best firms, and the best service, all under one roof.
Over recent years, attitudes and expectations have changed. Combining the experience, knowledge, and expertise of firms that have been serving their local communities for the last 300 years, we offer a fresh new take on the traditional idea of a standard law firm. Committed to offering modern, easy to reach legal services, we prioritize convenience, speed and good communication, with a fair price. We listen to your needs and expectations. Then we go above and beyond to deliver the best possible outcome.
To find out more, speak to our Family Law Experts:
Ackroyd Legal is a trading style/name of Ackroyd Legal (London) LLP , which is authorised and regulated by the Solicitors Regulation Authority, SRA No. 554585 and is a LLP registered in England & Wales, Company No. OC360125; VAT no. 445717436;
And of Ackroyd Legal Limited which is authorised and regulated by the Solicitors Regulation Authority, SRA No. 639272 and Company No. 10784410.