Your flat is probably the most expensive purchase you have made. However, it is a diminishing asset. This means that as time passes your lease becomes shorter and the value of your flat goes down.
Leasehold enfranchisement adds value to your flat. Provided certain conditions are met, the Leasehold Reform, Housing & Urban Development Act 1993 gives tenants the right to extend your lease for a further 90 years or join with your neighbours collectively to buy the freehold of your flats.
This is a highly complex and technical area of law. You need an expert on your side to guide you through the complexities. Roulla has over 20 years experience in acting for landlords and tenants in lease extensions and freehold acquisitions. She has detailed knowledge and understanding of lease extensions and freehold acquisitions from both sides.
She undertakes all types of leasehold enfranchisement work. Her expertise includes:
- Statutory lease extensions under the Leasehold Reform, Housing & Urban Development Act 1993
- Agreed lease extensions
- Collective purchase of the freehold of flats under the Leasehold Reform, Housing & Urban Development Act 1993
- Collective purchase of the freehold of flats under the Landlord & Tenant Act 1987
- Agreed collective purchase of the freehold of flats
- Acting for landlords, individual tenants and group actions
- Missing landlord applications
- Rights of first refusal
- Applications and attendances before the First Tier Tribunal, the Upper Tribunal and the County Court
Roulla settles most lease extensions and freehold purchases by negotiation, thereby reducing legal costs. However, where a dispute has arisen, Roulla has represented clients in the First Tier Tribunal, in the Upper Tribunal and in the County Court.
Roulla is often retained by the tenants following enfranchisement to issue long lease and to give on-going legal advice on managing the block.
Taking control of your block – Dealing with flat management
If you and your neighbours cannot afford to buy the freehold of your flats, you can still take control of the management of your block. You can apply under the right to manage or you can appoint a manager to manage your block.
Roulla can advise you which route is appropriate for your circumstances and she can help you through the process, so that you take control of the management of your flats and the level of service charges.