TELLERMAN & COMPANY 
Freehold Enfranchisement
Freehold 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 freehold enfranchisement or collective enfranchisement. There are a number of qualifying requirements:
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 freehold enfranchisement or collective enfranchisement. There are a number of qualifying requirements:
in order to participate in a freehold enfranchisement the tenancies must originally have been over 21 years in length and at least two thirds of the flats must be qualifying tenancies.
Less than 25% of the building can be commercial space.
The building must be self contained and structurally detached..
A freehold 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. Freehold enfranchisement is a complex matter and requires careful planning and expert advice so if you would like to take advantage of a free initial consultation please call Charles Tellerman MRICS on +44 207 792 9950.
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