Leasehold enfranchisement and lease extensions are complicated areas of property law. This is why some firms—even those that provide general property transaction advice and legal services—do not handle these matters.If you wish to extend your lease or buy your freehold, you need access to specialist expertise. Be sure to go to a specialist law firm in London—one with a team that focuses on property law specifically.
Understanding Your Choices
The majority of flats in the UK are held on ‘long leases.’ However, many lessees—perhaps including you—may have the right to buy the freehold interest in the building containing their flat. A good Solicitor In Harrow will walk you through the process of acquiring the freehold interest (known as enfranchisement).
Enfranchisement is the process by which you (the leaseholder) buys the freehold of your block of flats. Do you want to understand what your options are, if enfranchisement is the best step for you? Good solicitors will be happy to explain procedures and key terms in simple English so you can make informed decisions.
Importance of Choosing a Good Solicitor
There are a lot of statutory deadlines involved in this process, and missing even just one of them might cause you to lose your right to buy (or sell) your freehold. This is why you want to work with London Solicitors who specialize in this area of law. Choose accredited members of the ALEP or the Association of Leasehold Enfranchisement Practitioners (ALEP). They should be well versed in all relevant legislation. Even more importantly, they should work directly with you to protect your rights and ensure that you are complying with all proper procedures. It’s a good idea to look into the firm’s case studies to understand how they work and to assess if they can truly help you with your enfranchisement and lease extension concerns.