Reforms around Lease extension and freehold enfranchisement
The Government has recently reconfirmed its proposal to implement reforms in this regard in the current term of Parliament.
With years of experience acting for both flat owners and landlords our partner led offer will help you understand and navigate this and related rights in a straightforward and cost-effective way. Our experience and industry relationships mean that we can offer a fixed price service covering all the legal and valuation advice you need.
As members of ALEP, the Association of Leasehold Practitioners, we are able to provide expert legal advice that helps you achieve your objectives while extending your lease. We offer transparency in respect of all our costs and we always provide a full quotation at the outset of your case. In the majority of cases we can provide a quotation for a lease extension on a fixed fee basis.
We have created a solution to make the process of extending a flat’s lease as straight forward and cost effective as possible where the premium is likely to be moderate and there are no complicating factors.
To ensure peace of mind we provide the advice flat owners need in one place for a fixed overall fee. We arrange the valuation to save time and effort with our trusted partners who will advise you of the premium payable for a new longer lease and subsequently deal with all of the negotiations on your behalf. We undertake the end-to-end legal process and related conveyancing.
The fee for this service is £3,500 plus VAT and disbursements (payments you must make to third parties that we help organise for you such as Land Registry fees to obtain copy documents, for example your title and lease, and to register your claim notice and the new lease & stamp duty where applicable). It does not apply where the premium is likely to exceed £40,000.00 or to Complex Matters outside the fixed fee offer. Should Tribunal or Court Proceedings be required, these costs fall outside of the fixed fee offer details of which can be found here.
To proceed Click here. As a first step we will undertake a conflict check to ensure that we can act for you and confirm whether this service is available to you. This may take 2 or 3 days. Details of the process are set out here.
The Government has recently reconfirmed its proposal to implement reforms in this regard in the current term of Parliament.
The right to manage is simple in concept but unfortunately complex in its application as there are a lot of procedural hurdles that participating flat owners can fall at and this can lead to litigation as of course their landlord needs to be sure whether management will validly vest. Consequently there are a huge number of cases taken by landlords challenging the validity of claims which some might find surprising.
This article looks at the reforms announced so far around enfranchisement, the restrictions imposed on the sale of houses of a leasehold basis and the fees charged to leaseholders for essential information needed on sale are to be limited.