Buying your Freehold

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Buying your Freehold

Buying your Freehold – Collective Enfranchisement under the Leasehold Reform Housing & Urban Development

Enfranchisement‘ is a collective right for leaseholders of flats to buy the freehold of the building in which they live.  Subject to a number of qualifying criteria, leaseholders of flats have the right to ‘enfranchise’ – a right to buy the freehold of their building.

The benefit in buying your freehold is that will gain ownership of and control over management of the building.  You will also be able to grant long leases (999 years) of the flats in the building.

Buying your Freehold