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Residential property

Residential property

A well informed and approachable team with the experience necessary to advise on all aspects of real estate

Residential property affects us all in one way or another. Whether a developer, investor, landlord, leaseholder or tenant we all have rights that can be asserted and obligations that we need to comply with. In each case there are a number of pitfalls that need to be avoided and the concerns of more than one party to be addressed.

It is essential, particularly in times of economic uncertainty, to ensure that our assets are maximised and our outgoings minimised.

At Trowers & Hamlins, we are one of the few City of London firms of our size and capability to specialise in residential property and so we understand the importance of this sector within the real estate industry and the wider community. We have the expertise to deal with the intricacies of this often complex area of the law and give clear, efficient and commercially based advice.

We provide guidance and legal advice throughout the whole process of residential sales and purchases and act for developers, investors and occupiers whether of freehold or leasehold property.

We are specialists in the area of residential leasehold matters. We have a long track record of acting for all parties in asserting rights and avoiding the traps when seeking to sell or acquire the freehold of flats under the right of first refusal legislation or in making and defending claims for lease extensions, collective enfranchisements or the right to manage a block of flats. Our lawyers not only have considerable experience in these areas but also helped to formulate the law through membership of the Lord Chancellor's Consultation Group and various cross-sector working parties on leasehold reform.

The legislation relating to leasehold houses is also complex and we provide detailed advise to landlords, intermediate landlords and leaseholders of their rights if a leaseholder seeks a lease extension of the house or seeks to acquire the freehold.

Developers, whether dealing with mixed use or wholly residential sites, also need to be aware of the key provisions of the legislation and should consider at the earliest point possible how they intend to structure their development.

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