Here you will find articles and information regarding the process of buying the freehold, via either:
Collective Enfranchisement is when a group of leaseholders come together to purchase their freehold as of right. A number of qualifying conditions must be met, and a set statutory procedure followed.
When a Freeholder wishes to sell the freehold, he may not always do so without first offering the sale to the leaseholders. This is called the Right of First Refusal.
Answers to some Frequently Asked Questions:
- How do I find out who my Freeholder is?
- What is ‘freehold’? And how do I buy my freehold?
- Should we go for the freehold, or exercise the Right to Manage?
- What is a ‘leaseback’?
- Do we have to admit a non-participant to a freehold purchase transaction?
- Do we need a participation agreement?
- I want to buy the freehold but there is a commercial element in the building – can I do this?