Commercial Leasehold Enfranchisement
Leasehold enfranchisement is the process you go through to either extend your lease, or purchase a share of the freehold (collective enfranchisement) – and it’s often essential to the continued success of a business, allowing you to secure your commercial premises and keep your property costs affordable.
Our commercial leasehold enfranchisement team have years of experience acting for both landlords and tenants in all areas of leasehold enfranchisement. We can advise you on everything from lease extension and lease renewals to Right to Manage and Right of First Refusal for buying your premises’ freehold.
Our leasehold enfranchisement solicitors can help your business with:
- Individual lease extensions under the Leasehold Reform Housing and Urban Development Act 1993.
- Collective Enfranchisement – allowing a group of tenants to acquire the freehold on a block of flats under the Leasehold Reform Housing and Urban Development Act 1993.
- Exercising your Right to Manage under the Commonhold and Leasehold Reform Act 2002
- Exercising your right of first refusal to purchase the freehold of a property you are leasing under the Landlord and Tenant Act 1987.