The law recognises that landlords should not be able to stand by if the decreasing term of a lease makes it difficult for tenants to sell their properties. Therefore, residential tenants have the right, in certain circumstances, to either purchase the freehold or to be granted a new lease (often called a lease extension) – at a reasonable price. This is known as the right of enfranchisement.
Our lawyers provide comprehensive advice to both leaseholders and landlords on the enfranchisement procedure and on other aspects of landlord and tenant relations such as the right of first refusal, the right to manage and tribunal applications.
If necessary, you may also call upon the assistance of the property professionals with whom we work such as valuation surveyors or our tax colleagues.