Acquiring a lease extension provides greater value in your property, nil ground rent payments and security of ownership.
Our specialists provide those looking to purchase a lease extension with advice as to the likely cost and how the process works, including the qualification criteria and employment of a solicitor. We act for clients to negotiate the premium price against the landlord’s valuer.
Collective enfranchisement comprises a group of flat owners to together purchase the freehold of their building. This ensures the destiny of their property is controlled by them and not a third party landlord. As with lease extension our team, using comparable evidence and significant experience, will advise clients, most likely a group of neighbours, on the value of their proposed purchase and will lead them through the process.
We work equally with freeholders and intermediate head-lease owners guiding through comparable experience on the appropriate level of extension premium sought by owners looking to extend their lease or in light of a collective enfranchisement claim from a group of owners.
In most cases both lease extension and collective enfranchisement claims are settled by negotiation, but if necessary they can be referred for determination by the First-tier Tribunal (Property Chamber) where we will appear as an expert witness.