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  • Overview

    Mark Steggles, Partner at Thomson Snell & Passmore, explains enfranchisement.

    What is enfranchisement?

    Enfranchisement entitles tenants to force their landlord to sell the freehold of their building to them.

    Who qualifies?

    The building must contain at least two flats and at least two qualifying tenants (i.e. who have leases who have more than 21 years subject to exceptions) must own flats. Normally at least half of the qualifying tenants in a building are required to join the process provided there are more than two flats. Qualifying tenants usually form a company to buy the freehold and set up a participation agreement to record decisions on financial management and voting matters.

    How much does it cost?

    A landlord must be paid a premium for the freehold calculated by a specific formula. Qualifying tenants must pay the landlord’s legal and valuation fees as well as their own. A tribunal can fix the premium to be paid and resolve other disputes if the parties cannot agree.

    How long does it take?

    The process can typically take between six to eight months it referred to a tribunal, and shorter if not.

    How do I get more information?

    Thomson Snell & Passmore have a dedicated enfranchisement team.

    Article first published in ABliving Magazine October 2014.

  • Related Services

    Enfranchisement and lease extension

    We have a specialist quality team dedicated to this technical area of law.

    Lease extension & freehold enfranchisement

    Legal advice on extending, changing or amending a lease and selling the freehold a building.  

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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General Private Client UpdatesGeneral Commercial UpdatesConstruction UpdatesCourt of Protection UpdatesAgriculture & Rural Affairs UpdatesCommercial Property UpdatesEmployment UpdatesDispute Resolution UpdatesCorporate & Commercial UpdatesCharities & Not for Profit UpdatesFood & Drink UpdatesEducation UpdatesTransport & Logistics UpdatesFamily Business & Owner Managed Businesses Updates

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