Stepping into what?
My grandmother used to refer to it as “stepping out” or, if feeling particularly modern, “courting”. As we hit Valentine’s Day and love is in the air, what are the…
Buying your Freehold
Buying your Freehold – Collective Enfranchisement under the Leasehold Reform Housing & Urban Development
‘Enfranchisement‘ is a collective right for leaseholders of flats to buy the freehold of the building in which they live. Subject to a number of qualifying criteria, leaseholders of flats have the right to ‘enfranchise’ – a right to buy the freehold of their building.
The benefit of buying your freehold is that will gain ownership of and control over the management of the building. You will also be able to grant long leases (999 years) of the flats in the building.