Lease extension and collective enfranchisement

Lease Extension

Tenants of leasehold property can extend their lease terms at any time, subject to qualification, by virtue of the Leasehold Reform Housing & Urban Development Act 1993. The Act sets out the qualifying criteria and the formula for valuing the price payable to the landlord for extending the lease term.

A lease extension can also be achieved outside of the Act by negotiation with the landlord.

Points to note in relation to lease extensions:

Collective enfranchisement

This is the collective right of tenants of residential blocks of flats, subject to qualification, to purchase the landlord’s freehold title at a time of their choosing. The tenants collectively become their own landlord.

The benefits of becoming the landlord are:

However, there are certain stipulations that must be met in order to qualify:

How our lease extension and solicitors collective enfranchisement can help you:

Meet the team

Mustafa Sidki

Solicitor

Robert Twining

Partner & Team Leader