Paras Mercioniu
Lease Extensions and Enfranchisement Claims
What is Collective Enfranchisement?
Collective enfranchisement is a legal process that allows leaseholders of residential properties, to collectively purchase the freehold of their building.
Shelley Fitzpatrick, specialist in lease extensions & collective enfranchisement, said:
“In conclusion, collective enfranchisement is a legal avenue designed to empower leaseholders to take control of their properties and gain ownership rights over the land and building they occupy. By allowing leaseholders to collectively purchase the freehold this process seeks to address the imbalances inherent in the leasehold system and grant individuals’ greater autonomy and security in their home ownership. It is a complex legal process that typically requires legal and valuation expertise to navigate successfully. However, acquiring the freehold is not always the answer and so leaseholders should seek advice from a specialist in this field before proceeding.”