Seel & Co

Collective enfranchisement

Collective Enfranchisement is the right under the Leasehold Reform Housing and Urban Development Act 1993 (as amended by the Commonhold and Leasehold Reform Act 2002) for a majority of qualifying lessees in a development to purchase of the freehold.

Seel & Co can advise on the procedure including:-

  • Checking the Eligibility of the building, the tenants etc)
  • Organising the company and finances for enfranchisement
  • Choosing the Nominee Purchaser, be it an exisiting management company or set up a new freehold holding company.
  • Selecting and instructing surveyors and solicitors
  • Valuing the purchase price from both the Landlord’s and Tenant’s position.
  • Serving the Initial Notice on the landlord
  • Preparing for the subsequent procedures

Should you require assistance the please call us to discuss your options.

Further information can be found from the Leasehold Advisory Service either by visiting their website or by downloading LEASE’s introductory guide by clicking here.