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Collective enfranchisement

This is a process that allows the tenants in a building to buy the freehold from the landlord (often known as a 'share of freehold').

To make it work, at least two thirds of the tenants must be long leaseholders and at least half of all the flat owners in the building must co-operate in the scheme. The rules were changed in 1993 and again in 2002 to make it easier for people to buy the freehold from the landlord.

If you are contemplating purchasing a share of freehold for your leasehold property then there is a substantial amount of legal work that needs to be done. Your In-Deed lawyer would be delighted to provide you with a quote for undertaking this work but it will fall outside the Price Promise.

For more information on Collective Enfranchisement and the issues involved in purchasing the freehold of a leasehold property then go to:
www.lease-advice.org/