Enfranchisement 08
Central London
Archive Search
By Subject
By issues
Quick Search

 
You are here: Home » Buying Your Freehold

Buying Your Freehold

Download Print Send a summary of this page to someone via email.
Overview

A lease is a wasting asset.  Although a flat owner may have spent hundreds of thousands of pounds acquiring their lease, in fact it becomes less valuable each year.  This is because the term of the lease expires by one year annually.  To remedy this inherent unfairness, individual flat owners have the right to ask the building owner to extend their lease.  In addition, a group of flat owners acting together can collectively ask to purchase the freehold from the building owner.  This process is called enfranchisement.  After enfranchising, each participating flat owner owns a share in the freehold and will usually receive a lease extension at no extra cost.  Purchasing the freehold or extending a lease will come at a cost, but also serves to protect the value of the property.

This section is packed full of useful hints, tips, how to's and explanations of the concepts behind enfranchisement and lease extensions, the processes involved, the likely costs and the latest legal decisions on the topic.  If you still have questions or require further clarification, don't forget to contact us, comment on an article or leave a comment in our forum.

Managing Properties in Bournemouth
Most blocks benefit from the services of a good managing agent.
ON THE GROUND: BOURNEMOUTH..
MORE TO ENFRANCHISEMENT THAN MEETS THE EYE.
IT PAYS TO GET INVOLVED
How to persuade other lessees to join in enfranchisement.
LIFE AFTER ENFRANCHISEMENT
So you’ve now purchased your freehold – what next?
Go it alone - or buy in bulk?
Andrew Howard of Coles Miller considers the merits of going it alone against buying in bulk.
A Short History of Leasehold Reform
Mark Chick uncovers the origins of this crucial legal area...
ENFRANCHISEMENT - Choosing a Professional Adviser...
...when extending your lease or buying your freehold
Get your notices right
If notices are invalid when buying your freehold or extending your lease, it could turn out expensive...
Is It Frustrating?
Eric Shapiro considers the landlord’s rights and responsibilities after enfranchisement.
IT PAYS TO GET INVOLVED - How to persuade other lessees to join in enfranchisement
There will always be those who question why they should bother enfranchising, This article provides some reasons why you should become involved.

>>more articles

Our Latest Issue:
NOTB Issue 42 front cover







Read Now                Register

Enfranchisement Awards

Awards Brochure

Click here to view our Awards Brochure   

Editor's Choice:

Downloads Preview
In Conclusion- Service Charge Misery
In Conclusion - Jazzing Up Leasehold Reform
In Conclusion - The Blight Of Leasehold Buy-to-Let
In Conclusion - Wife Escapes to North Pole as Agent Takes to the Stage
THE POLICY MOST OFTEN FORGOTTEN
Why flat owners should not forget their personal property..
Keeping your flats secure
James Hall at Lampier offers his company’s view on the policies you may need. 
WILL YOUR INSURANCE POLICY ACTUALLY PROTECT YOU?
John Byers looks at the sensitive topic of under-insurance.
Cause and effect
Jonathan Walker, of Stride Ltd, assesses the impact of the credit crunch on the property insurance market.
IT’S FOLLY TO CUT CORNERS
You need specialist flat protection? Then you require a broker to guide you...

>>more articles

 


Relevant Articles

  Managing Properties in Bournemouth
Dec 1, 2008
Most blocks benefit from the services of a good managing agent.

  ON THE GROUND: BOURNEMOUTH..
Dec 1, 2008
MORE TO ENFRANCHISEMENT THAN MEETS THE EYE.
  IT PAYS TO GET INVOLVED
Dec 1, 2008
How to persuade other lessees to join in enfranchisement.
  LIFE AFTER ENFRANCHISEMENT
Dec 1, 2008
So you’ve now purchased your freehold – what next?
  Go it alone - or buy in bulk?
Dec 1, 2008
Andrew Howard of Coles Miller considers the merits of going it alone against buying in bulk.
  A Short History of Leasehold Reform
Dec 1, 2008
Mark Chick uncovers the origins of this crucial legal area...
  ENFRANCHISEMENT - Choosing a Professional Adviser...
Nov 28, 2008
...when extending your lease or buying your freehold
  Get your notices right
Nov 28, 2008
If notices are invalid when buying your freehold or extending your lease, it could turn out expensive...
  Is It Frustrating?
Nov 28, 2008
Eric Shapiro considers the landlord’s rights and responsibilities after enfranchisement.
  IT PAYS TO GET INVOLVED - How to persuade other lessees to join in enfranchisement
Nov 27, 2008
There will always be those who question why they should bother enfranchising, This article provides some reasons why you should become involved.
  A boost for property investors, a blow for landlords
Nov 20, 2008
  How to overcome the problems and pitfalls
Nov 20, 2008
The enfranchisement legislation is notoriously complex and applicants and landlords alike often encounter difficulties. The most common problems are outlined below.
  How to get off on the right foot
Nov 20, 2008
  House of Lords ruling gives head lessees right to Enfranchise
Nov 20, 2008
  The Battle to Enfranchise
Nov 20, 2008
Embassy Court is a building with three histories; one as a glorious pioneer of British modernism during its heyday in the late 1930s and early 1940s. Another as the decaying and deteriorating building of late 20th century, plagued by legal wranglings and litigation disputes, and finally its modern history – that of a building restored to its former glory thanks to the combined efforts of a few dedicated leaseholders and their determination to take ownership of a share in the freehold of the building they called home.
  In the beginning: get proper advice
Nov 20, 2008
  Buying your freehold - the law in a nutshell
May 29, 2008

Regular NOTB columnist and 'Your Legal Toolkit' author Yashmin Mistry of Brethertons, explains the laws and regulations associated with purchasing the freehold of a building in her customary plain English style...
  See the supplement in full colour by clicking here
May 16, 2008

Click here to downlaod a pdf of the latest News on the Block supplement - Collective Enfranchisement 2008: Central London

** Please note the supplement is only available to subsribers. For more information on how to sign up to News on the Block please click here
  Foreword
May 16, 2008

Jamie Reid welcomes you to this very special News on the Block supplement - Enfranchisement 2008: Central London
  Collective enfranchisement - a welcome note by Peter Haler MBE
May 16, 2008

Welcome to this special NOTB supplement on enfranchisement. It’s a big supplement about a big issue for leaseholders, buying out their landlord and taking control of their assets.
 
more articles >>
Search (Do Not Move)