Leasehold Enfranchisement - Whats t ll about

Leasehold enfranchisement ?s ?nl? h?w?v?r ??ss?bl? ?f th?r? ?r? ?t l??st tw? flats ?n th? building. ??r??v?r, th?r? n??d t? b? qualifying tenants living ?n ?t l??st 66% ?r tw? thirds ?f th? flats. ? qualifying tenant (?n terms ?f leasehold enfranchisement) ?s s?m??n? wh? h?s ? long lease (?n excess ?f 21 years), h?s ? lease th?t will h?v? cease ?n death ?r marriage ?r ? d?t? th?t ?s unknown.

In addition tenants wh? h?v? ? long lease ?n terms ?f th? 1989 Housing ??t ?r wh? h?v? ? 100% shared lease ownership, ??n b? viewed ?s qualifying ?n conditions ?f enfranchisement.


Properties th?t h?v? ?nl?, s?? 40% ?f tenants wh? ?r? qualifying tenants will simply n?t b? eligible t? undertake ? approach ?f collective enfranchisement; ?s th?? will b? w?th?ut th? required tw? thirds majority. Potential enfranchisement groups sh?uld ?ls? b? aware th?t th?r? ?r? m?n? exclusions t? leasehold enfranchisement, s? ?f th? landlord ?s ? housing trust th?t h?s charitable aims (?.g. ?n alms house provider) ?nd strongly th? flat ?s provided ?s ??rt ?f th? charitable aims ?f th?t trust, th?n th? tenancy will n?t b? viewed ?s ? qualifying tenancy.

Additionally buildings eligible f?r enfranchisement n??d t? h?v? l?ss th?n 25% ?f th? building us?d f?r commercial purposes. ?h?s m??ns th?t ?f th?r? ?r? shops ?nd offices occupying 30% ?f th? building, th?n ?t ??nn?t b? purchased b? men and women wh? h?v? ??m? t?g?th?r t? undertake leasehold enfranchisement.

Thus th? wh?l? process ?f leasehold enfranchisement ?s ??tu?ll? ? v?r? difficult area, but ?n? th?t ??n b? intensely rewarding ?nd beneficial t? th? leaseholders wh? undertake th? process, s?n?? owning th? building ?s f?r preferable t? simply renting ?t ?s ? fundamental rule. ?ft?n h?w?v?r, th? real stumbling block t? successful enfranchisement, ?s th? inevitable problem ?f g?tt?ng ? group ?f disparate people t? ?ll agree ?n ? mutually beneficial outcome.

In conclusion d?nt forget th?t th? procedure ?f enfranchisement ?s complicated. ?n ??rt??ul?r, wh?n ??u ??m? t? elect ? solicitor ?nd ? surveyor, m?k? sur? th?t th?? ?r? specialists ?nd r??ll? understand what exactly is involved ?n leasehold enfranchisement.

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