Owners of residential leasehold property are able to take advantage of various rights to maintain and increase the value of their assets. It is important for landlords and leaseholders alike to be aware of all the available options in order to take advantage of and respond to these crucial property rights, ensuring that their interests and value are protected.
We act for a wide range of landlords on lease extension, collective enfranchisement and right to manage (RTM) claims as well as advising on the application of the legislation on regeneration and development schemes and on the rights of first refusal legislation. Statutory claims by leaseholders are often subject to strict timetables making it essential that there is an awareness of the rights being exercised, responses required and effect on value.
We also advise leaseholders about the rights afforded to them. Some are only effective when the leaseholders act together, however, leaseholders can act individually to extend their leases and challenge unfair charges. Whether the leaseholders simply want to extend their leases, are unhappy about the current management of the building or would simply prefer to be collectively in control of their own property, it is important for leaseholders to be aware of their options and enabled to act positively. If leaseholders rights are enforced at the right time not only can it increase control of expenditure and the way in which the building is managed, but it can also maximise the value and marketability of each leaseholder's flat.
Our leasehold enfranchisement team offers the full range of services in this complex area to ensure that our clients receive the highest quality of comprehensive advice.
In brief
- Statutory and non-statutory lease extensions
- Freehold purchases
- Right to manage applications
- Right of first refusal
- Residential lease advice
- Leasehold reform