Our team can provide advice to both Freeholders and Leaseholders concerning the Leaseholders’ rights to purchase the freehold (enfranchisement), extend their leases and take-over management of the building.
This is an increasingly complex area of law and it is important that parties are aware of their obligations under statute and under the lease documentation. It is also important to understand the pitfalls of the system, for example in relation to input to manage. We work in close conjunction with our property department to ensure the documentation is concluded within the statutory time limits. Our work for Freeholders includes advising on our clients obligations and ensuring the correct counter-notices are sent to protect their position. These matters can usually be resolved between the parties; however, we are experienced at fighting these matters in the First-Tier Tribunal when necessary.
Our work for Leaseholders includes preparing and serving the notices of claim, advising clients in relation to the Freeholder’s response and proceeding with the matter through to resolution between the parties or at the Tribunal.
We also act for investors using the enfranchisement process to obtain Freehold property and can advise clients how to structure the deal to comply with the strict statutory guidelines.