Collective Enfranchisement
OWNERS OF RESIDENTIAL FLATS can now force their freeholder to sell the freehold provided at least 50% of the tenants participate. This is known as collective enfranchisement or freehold enfranchisement. There are a number of qualifying requirements:
- 1. In order to participate in a collective enfranchisement the tenancies must originally have been over 21 years in length and at least two thirds of the flats must be qualifying tenancies.
- 2. Less than 25% of the building can be commercial space.
- 3. The building must be self contained and structurally detached.
A collective enfranchisement can be made unsuccessful or more difficult by such factors as a resident landlord or where three or more flats are held by one individual. Collective enfranchisement is a complex process and requires careful planning and expert advice so If you would like to take advantage of a free consultation please call Charles Tellerman MRICS on +44 207 792 9950.
CONTACT US
Tellerman & Company8 Clanricarde Gardens
Notting Hill Gate
London W2 4NA
+44 207 792 9950