SO Legal is able to offer expert advice for those considering extending a lease or acquiring the freehold of their property. Our Lease Extension and Enfranchisement Solicitors are experienced and knowledgeable in the property market, and are able to assist you with all aspects of lease extensions and enfranchisement whether you are acting individually or collectively in a flat or house. We will provide you with a clear explanation of the legal rights and obligations granted by the law, ensuring you understand the entire process and guiding you through each step.
According to the Leasehold Reform Housing and Urban Development Act 1993, tenants of a property who meet certain qualifications reserve the right to collective enfranchisement, allowing qualified tenants the ability to purchase the freehold and any head leases of the property. If you are interested in collective enfranchisement, the enfranchisement solicitors at SO Legal will happily guide you through the process from making the initial claim to establishing the ownership agreement. Collective enfranchisement can be complicated, but the qualified solicitors at SO Legal will explain the process to you in plain English, discussing with you the overall course of action and the legal costs involved while ensuring that the matter is handled as quickly and cost-effectively as possible.
Extending a Lease:
Also according to the Leasehold Reform Housing and Urban Development Act 1993, qualifying tenants hold the right to statutory lease extension, in which a new negotiated lease is added on as an extension to the existing lease. The process of obtaining a lease extension can often take up to several months, but the lease extension solicitors at SO Legal will guide you through the process from determining your eligibility and obtaining the valuation from a surveyor all the way through to after the completion of the new lease. We can also provide advice on registering, valuing and calculating the lease extension in order to ensure that you have a full understanding of the process.
Right to Manage:
According to the Commonhold and Leasehold Reform Act 2002, leaseholders are given a statutory right to acquire the management rights of their property. This is arranged through a transfer of rights to a company, set up by the leaseholders – a Right to Manage (RTM) Company. SO Legal will guide you through every element of the process: from understanding the qualifying criteria, formulating a RTM Company, serving Notices, all the way through to the acquisition date, where formal control of management is obtained. Right to Manage is an important decision and can be complicated, however our experienced team will keep you fully-informed throughout the process to ensure that it is as cost and time efficient as possible.
For more information or to arrange a consultation with one of our experienced Lease Extension and Enfranchisement lawyers across East Sussex in Eastbourne, Brighton, Uckfield or London, call Eleanor Schamroth today:
01323 407555 / 01273 066920