JLL Residential

Leasehold Reform

Extension and Enfranchisement

Acquiring a lease extension provides greater value in your property, nil ground rent payments and security of ownership.

The Leasehold Reform Housing and Urban Development Act 1993 (as amended) enables in most cases those who have owned a flat, with an original term of at least 21 years, for over two years will be able to buy a statutory 90 year lease extension. It is also responsible for the right of owners to mutually buy a freehold.

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.