Buying residential freeholds and extending leases
Leasehold enfranchisement is the term used to describe the legal process of helping owners to complete a freehold extension or freehold purchase of their property.
The Leasehold Reform Act 1967 and the Leasehold Reform, Housing and Urban Development Act 1993 are the two key laws governing leasehold enfranchisement.
Because it is a legal process, it is one which can only be undertaken by professional people who know exactly how to buy or extend a freehold and who have relevant experience in this field.
At Best Gapp, we specialise in helping leaseholders acquire the freehold of their properties under the relevant Act, either as individuals in the case of leasehold houses or collectively within a block of flats. We can also assist in the purchase of the long leasehold interest of individual flats.
Our expert team has experience in all areas of the process, and can advise tenants in extending their lease or how to collectively purchase the freehold of their building or house.
Because the law is so complex, and the calculations required for the costs of acquiring these interests are complicated, we aim to help simplify the process and to provide the best service to our clients.
We will advise you of your legal rights, tell you what you need to qualify, prepare the calculations required and then guide you through the process of serving notice on the landlord.
Whether you wish to acquire a long lease, the freehold of your house or collectively with other residents within a block of flats, we will negotiate a final figure with the landlord. You will not only benefit from our many years of experience in this area, you could also make substantial cost savings.