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Issue 58 Enfranchisement Pull-Out 

Monday, 23rd January 2012
 

Your essential guide to buying your freehold or extending your lease. 

Your essential guide to buying your freehold or extending your lease. Independent industry practitioners offer some advice in our comprehensive pull out and keep supplement about the enfranchisement process.

View your digitial copy.

 

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Angel 11/02/2012

Commonhold has never rllaey taken off in this country and some commentators suggest that this is due to a feeling that “if it ain’t broke don’t fix it” as everyone understood leasehold ( perhaps a bit of a joke in itself!) and as a system generally it worked. In any event if you had a leasehold structure with the freehold owned by a third party unless they would voluntarily agree to the formation and transfer to commonhold you would need to enfranchise and then convert to commonhold. This would be a hugely expensive process.As far as we can tell only 17 commonhold developments had been registered as at April this year comprising of about 150 units. It is believed that some developments of mixed use schemes are still looking at Commonhold but there is no real or perceived appetite from Buyers. Part of the problem is that currently very few professionals know anything about such developments and this of itself may put off developers.

Fatima 14/02/2012

Thanks Martin.The plbroem is that no politician could do their job if they followed a strict interpretation of your theory. It's not just about new issues, it's a matter of the depth and detail of decisions they have to make, and the extent to which they are responding to somebody else's agenda rather than their own.Our PSS would have to be truly enormous, and our conferences a week long every few months, to deal with the kinds of issues I raise in my original post.The question is how you provide the right framework in the PSS, e.g. to make clear that the party sees social housing as a priority and minimum standards for homes an absolute requirement irrespective of their impact on other budgets.

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Featured Download

Join over 10,000 other leaseholders in saving time and money by downloading the essential documents to help you in the daily running of your building.

Service Charge Application Form -

Use this form to make an application to the Leasehold Valuation Tribunal for a determination of liability to pay and reasonableness of service charges.

 

 

Related Articles

Government Launches Leasehold Consultation

Leasehold Valuations; security of tenure; extended lease. The Government has published a leasehold consultation paper concerning an increase to property value limits.

Thursday, 14th July 2011 Read more

The Big Health & Safety Lie

We often hear from clients ‘Is all this “Elf ‘n’ Safety” nonsense necessary, it’s only a residential property after all!’ Sadly “Elf ‘n’ Safety” makes the job of the professional advisors so difficult to put over the very real legal obligations that face our Clients.

Wednesday, 25th January 2012 Read more
 

Events

Enfranchisement and Right To Manage Awards 2012

The Enfranchisement and Right to Manage Awards 2012 (the ERMAs) recognises the excellence and professionalism of all specialists working in this industry both at an individual and company level. Book your tickets for this years event here.

Fire Safety in Flats Conference

Fire Safety in Flats Conference on 8th March 2012, at The Congress Centre, London.

An essential briefing on your responsibilities and liabilities as property managers and landlords of residential blocks.

Alep 2011 seasonal drinks reception

Over 120 members and non-members attended the ALEP Seasonal Drinks Reception in December 2011 for a festive evening of networking with their enfranchisement colleagues.

 

More Downloads

House Rules and Welcome Pack - £9.58

The first step to creating a harmonious block of flats

Demand for Ground Rent - £4.78

This download comprises a commentary and a precedent for a demand for ground rent pursuant to s.166 of the Commonhold and Leasehold Reform Act 2002.  Produced in association with the barristers at Tanfield Chambers.

To extend or not to extend? - £7.18

 In this download Trowers & Hamlins solicitors explore the differences between buying the freehold of your block or extending your lease.  The legal processes are also considered.