Ask The Experts

Question #21

What is collective enfranchisement?

It is a right, subject to qualification, for the owners of flats in a building, and sometimes part of a building, to join together and buy the freehold of that building. The relevant Act is the Leasehold Reform Housing & Urban Development Act 1993 (as amended). At least 50% of the flats in the building must participate – providing there are more than 2 flats (and must be qualifying leaseholders).

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#21

Answered by

Silvana Goddard

Lease Extensions

Silvana has over 25 years of financial service and business development experience and thrives in helping her clients increase the value of their homes.