Lease Extensions and Collective Enfranchisement pursuant to the 1993 Act, Freehold House claims pursuant to the 67 Act; Right of First refusal of the Freehold under the 87 Act and establishing the right to collective management of a block of flats.
Welcome to an exciting area of law that is currently experiencing significant change—Lease Extensions, Collective Enfranchisement and Freehold Enfranchisement of residential property. At Chubb Bulleid, we are keenly aware of the intricacies involved in extending the leases of flats as well as the potential for leaseholders to purchase the freehold of their building.
This legislation is highly specific, and navigating it requires expert guidance. Our team is dedicated to providing you with careful support throughout the process, from serving the relevant notices to drafting essential documents and managing all aspects of the work. When the correct procedures are followed, landlords can be compelled to extend a lease term or to sell the freehold, depending on the unique circumstances.
There are also opportunities for individual homeowners and flat owners to extend their leases or acquire freeholds. Moreover, in certain cases, groups of leaseholders in larger buildings can collaborate to purchase the freehold together.
Additionally, there are important regulations in place that may require a freeholder to offer the leaseholders the opportunity to buy the freehold before selling it to a third party.
In some situations, leaseholders can also take over the management of the freehold from the original owner.
Chubb Bulleid is fully equipped to guide you through all aspects of this legislation, ensuring you receive the support you need in this evolving field. We are here to help you navigate your options with confidence and clarity!
Our Commercial Property department offers extensive expertise in managing commercial lease matters. We proudly represent a wide range of clients, including national retailers, investor landlords, and individual landlords and tenants dealing with diverse properties such as shops, offices, commercial units, and factories.
Leasehold transactions often involve considerations beyond the lease itself. Many landlords require tenants to enter into additional agreements to gain consent for alterations, assignments, or subletting. Our team at Chubb Bulleid is highly skilled in drafting these documents for landlords or reviewing and negotiating terms for tenants. Our areas of expertise include:
- Drafting and negotiating new leases
- Lease renewals and proceedings
- Security of tenure
- Rent review
- Assignments, transfers, and underletting
- Alterations and licences
- Stamp Duty Land Tax
- Forfeiture
- Deposits and rent deposit deeds
- Agreements for lease
- Break clauses
- Planning compliance
- Statutory requirements
- Surrender and dilapidations
- Covenants
- Authorised guarantee agreements
We understand that leasehold transactions must be handled swiftly and cost-effectively. Whether you are an investor landlord managing a portfolio or a tenant entering into a lease for the first time, our approachable and determined lawyers are ready to assist. Knowledgeable, focused, and personable, they will ensure that your needs are met with professionalism and care.
Explore the profiles of our specialists below and contact us today to discuss your requirements and the associated costs. We are here to support you every step of the way.
