Collective​
Enfranchisement
More and more groups of tenants around the country are purchasing the freeholds of their buildings, as owning the freehold has several advantages ahead of just owning the lease of their individual property. This is known as Collective Enfranchisement.

 
The Leasehold Reform Housing and Urban Development Act 1993 (as amended by the Commonhold and Leasehold Reform Act 2002) gives tenants the right upon qualification to compel the sale of the freehold of the building or part of the building. Where there is any intervening interest, like a headlease, this must generally be acquired as part of the purchase by the tenants.

 
Mlp specialise in providing plans for a Collective Enfranchisement , which form part of the application to purchase the freehold of a building, or part of a building.

 
Our plans detail all separate leased areas, any and all communal areas, any commercial areas as well as the freeholders current owned areas. We will also provide a detailed square footage schedule and percentage breakdown of these areas as part of this service.

 
Prices will depend on the size of the property, as well as the complexity of the current lease/freehold situation and the number of participants/tenants involved in the enfranchisement. Please contact us  for a quote. 
Lease Enfranchisement Example Plan