Leasehold Enfranchisement and Lease Extension
At Fraser Dawbarns LLP we can help you if you are looking to extend your residential lease, or if you are looking to purchase the freehold with other tenants (leasehold enfranchisement).
This is a specialist area of law and there are potential dangers which we will help you avoid. We will guide you through the set procedures, timescales to be followed and deadlines to be met.
We will explain the statutory rights which, usually, allow you to extend your lease by 90 years, and which is added to the remaining term. A premium is payable and we can advise you where to go to find a leasehold surveyor who can calculate the likely amount.
If you are looking to purchase the freehold with other tenants we can, again, advise you in relation to the statutory procedures and in relation to the participation agreements which tenants often enter into before going ahead. You will again need a leasehold surveyor to help establish the best premium to offer. We can then deal with the notices and transfer.
We will also deal with the registration for you and advise on setting up a company or declaration of trust if they are needed.
If you are looking to extend your lease or acquire the freehold, why not contact us today to find out more about how we can help you.