Leasehold enfranchisement is a complex process which needs to be managed by solicitors and surveyors. However we have broken the whole thing down into 13 simple steps.
- Establish whether you are eligible
- Gauge interest at a residents’ meeting
- Appoint a valuer and obtain valuation report
- Solicitor helps you form participation agreement
- Solicitor sets up nominee purchaser company
- Serve Section 13 Notice (AKA Offer Notice or Claim Notice), signed by all participants, on the landlord
- Landlord’s valuer inspects property
- Landlord serves Counter Notice
- Surveyors commence premium negotiations
- If no agreement is reached within 6 months, apply to the tribunal
- Contracts signed and freehold transferred to purchase company
- If the other side doesn’t comply, apply to the county court
- Flat owners extend their leases to 999 years
