Leasehold Enfranchisement Lawyers London
Lease enfranchisement can raise the value of your property and provide security to you and other tenants. Our specialist leasehold enfranchisement lawyers will guide you through what can be a complicated process. Read on to find out more about enfranchisement, our lawyers and their experience.
Guy Osborn Partner
Expert leasehold enfranchisement solicitors
Leasehold enfranchisement covers a collection of rights available to tenants of leasehold properties including flats, apartments and houses. Our leasehold enfranchisement services include:
- Lease extensions – We advise tenants on making statutory lease extension claims under the Leasehold Reform Housing and Urban Development Act 1993. We also act for landlords with lease extensions claims against them. Use our lease extension calculator to get an estimate of how much it could cost.
- Freehold purchase – We act for tenants who qualify under the Leasehold Reform Act 1967 in which tenants have the right to purchase the freehold so that they own the property outright.
- Collective enfranchisement – We advise groups of tenants that wish to join together to buy the freehold of their property. Collective enfranchisement was set out in the Leasehold Reform Housing and Urban Development Act 1993
- Right of first refusal – Where a landlord proposes to sell part or all of a property that contains individual flats, we advise tenants on their right to first refusal (RFR). RFR is provided by the Landlord and Tenant Act 1987
- Right to manage – The right to manage (RTM) gives tenants more control over the maintenance and repairs of their property without the need to pay a premium to the landlord. RTM was introduced through the Commonhold and Leasehold Reform Act 2002.
I have had dealings with Guy Osborn and his colleagues at Osbornes Law since December 2019, during which time I have led a process involving 20 leaseholders in a block of flats in Camden Town. Guy and his colleagues have been impeccably professional, immensely helpful, cordial and attentive. They have always responded quickly and clearly to our queries, and helped us to negotiate the complexities of the process, which has come to a successful conclusion.
It has been nothing but a pleasure to work with Osbornes. I would recommend the firm warmly to anyone.
“Both Amber and Rachael were far more than their jobs required – couldn’t have done this without their expertise and kindness”
"Guy has been so helpful. He responded promptly to my queries, explained things clearly, no jargon, and has been warm and human throughout. I felt well supported and would recommend Osbornes to anyone looking for legal help, their service is excellent and fairly priced."
Professional and communicative throughout the process of becoming a Freehold Company and having a share of said freehold. Both Amber and Siroop spoke in plain English and were most efficient and pleasant to deal with.
Amber was fantastic from start to finish. Efficient, clear and professional. Will certainly be calling on her again.
Guy and his team assisted me with a new lease venture and were an absolute pleasure to work with. A professional & knowledgeable team who offered fast and excellent advice. Highly recommend their services
What is leasehold enfranchisement?
If you own a leasehold property you may be entitled to collective enfranchise under the Leasehold Reform, Housing and Urban Development Act 1993. The 1993 Act gives the rights for leaseholders as a group to acquire the freehold of the building of which their flats form part. The following three criteria must initially be met in order for you to collectively enfranchise:
- At least two-thirds of the flats in the building must be owned by qualifying leaseholders. To be a qualifying leaseholder you must have a lease that was originally granted for at least 21 years and you must not own more than 2 flats in the building.
- The building must be a self-contained building or part of one and be divisible vertically from the other parts. There must be at least two flats in the building and two-thirds of them must be held by a qualifying tenant. The building must contain no more than 25% commercial floor area.
- At least half of qualifying leaseholders must give notice of their wish to acquire the freehold interest
Do I need advice from leasehold enfranchisement solicitors?
The valuation process is rather complex and depends on a host of factors and should be carried out by a specialist valuer. Once you have your valuation your lawyer will prepare a form of notice for service on your landlord which will get the process underway. What follows entails the receipt of counter-notices and thereafter negotiation and agreement of terms, all of which have prescribed deadlines. For this reason, it is a good idea to find professionals who are experienced in this area of work, starting with a specialist solicitor and a valuation surveyor. They will work for you to ensure you get the best terms possible.
How long will the leasehold enfranchisement process take?
This is very dependent on whether the extension is a voluntary or statutory lease extension. With voluntary extensions, there are no set deadlines and therefore the length is associated with how quickly the freeholders want to proceed with the extension. Once the premium and terms of a voluntary lease extension are agreed it should complete in around 1-6 months. A statutory extension is more likely to take around 12 months as the process is more involved however there are set deadlines so the process cannot be “stalled” by either party.
Why choose Osbornes Law?
The leasehold enfranchisement process and legislation can be long and complex. Our lawyers are experts in both. We also have much experience in negotiating with freeholders and their lawyers to achieve the best possible terms for our clients. We are also used to working with specialist surveyors and are happy to make recommendations to our clients.
Osbornes Law is proud to be a founding member of the Association of Leasehold Enfranchisement Practitioners and is also an approved lawyer of News on the Block, a leading leaseholder information service.
If you would like to discuss collective enfranchisement in London or further afield further please call us and ask for Guy Osborn or Amber Larner-Bird.
Property News & InsightsVIEW ALL
Declaration of Trust for Property
If you are buying a property jointly, you may want to consider making a declaration of trust to record your...Read more
Lease Extension Negligence
What is Lease Extension Negligence? Solicitors Negligence when a Tenant claims a new lease of a flat under the Leasehold...Read more
Overlooking Nuisance Claims
Overlooking Nuisance Claims – net curtains not necessarily! I refer to the article https://osborneslaw.com/blog/overlooking-nuisance-claims-buy-some-net-curtains/ which concerned the...Read more
Rent Repayment Order: Rakusen v Jepsen
Rakusen v Jepsen & Others 2023 Judgement was given in this case on the 1st March 2023 and when it was settled...Read more
Leasehold Reform expected by end of 2023
The government announced in 2021 the introduction of various leasehold reforms which will affect the leasehold system for properties in England...Read more
Transfer of Equity Stamp Duty
Do I Pay Stamp Duty Land Tax When Transferring Property into My Partner’s Name? When it comes to property...Read more
Shared Ownership Stamp Duty
Do you pay stamp duty on shared ownership? When you buy a new shared ownership property, you are given two...Read more
Severance of a Joint Tenancy
Severing a Joint Tenancy Normally, when couples buy a property together they do so as joint tenants. This means they...Read more
Tenants in Common vs Joint Tenants
Tenants in Common vs Joint Tenants: Which is best for buying a property together? When it comes to buying a...Read more
Japanese Knotweed: Knot in my backyard again!
Many will have read the recent case in which a furniture designer pursued his seller successfully after he moved into...Read more
Stamp duty tax to remain the same until 2025
Good news for buyers as the current SDLT rates will remain until 2025 Buyers looking to purchase this year will be...Read more
Half of UK renters worried they will not...
As rent rises for the majority of UK renters, half are worried they will not be able to afford it...Read more
First-time buyer stamp duty exemption – don’t get...
Stamp duty is the bane of every home buyer, with only first-time buyers being exempt from paying the tax if...Read more
What are trusts of land? Property ownership is not always a straightforward legal issue, particularly where the parties are cohabitees...Read more
Right to Light Law
Right to Light Law in the UK Property owners have a legal right to light as set out in the...Read more
Landlords and the Dangers of Rent-to-Rent
Rent-to-Rent refers to the practice of landlords letting a whole property to a tenant (usually a limited company), which is...Read more
The uncertainties of beginning a building project now
The construction industry is seeing a perfect storm at the moment with labour shortages following Brexit and material costs which...Read more
The End of Ground Rents
The Leasehold Reform (Ground Rent) Act 2022 It has been confirmed that The Leasehold Reform (Ground Rent) Act 2022 will come into...Read more
The new Commercial Rent (Coronavirus) Bill
On the 9th November 2021 the Government announced the new draft Commercial Rent (Coronavirus) Bill. It is proposed that a new...Read more
Can I still claim adverse possession?
The principle of “adverse possession” commonly known as “squatters rights” is a principle which allows a person who does not...Read more
Buying a property where a Party Wall Award...
Buying a house with a party wall agreement Buying a property can already be a stressful process but finding out...Read more
Commercial rent arrears options post-Covid
Whilst we are reminded every day that Covid is very much still with us and that the public should still...Read more
First Time Buyers Tax Relief Reminder
First-time buyers have been urged to make the most of a ‘forgotten tax relief’ that could save them thousands of...Read more
The Risks Of Buying Properties Off Plan!
The Daily Mail reported recently that 300 families a week are having to move into shoddy newly built homes. Not all...Read more