Leasehold Enfranchisement
This is the process whereby tenants purchase the freehold interest in the building. The property department can advise on the process of purchasing the Freehold of a block of flats and also on the most efficient way the tenants can proceed. Together with the commercial department, companies can be created for the benefit of the tenants and then the Freehold purchased in the name of the company. In the same way as was explained for the lease extensions, the firm would wok very closely with surveyors in negotiating a suitable premium to be paid.
