Market leading insight for tax experts
View online issue

Collective enfranchisement


My clients each own a lease of a flat in a building comprising four flats and wish to acquire the freehold of the building by exercising their collective enfranchisement rights under Part 1 of the Leasehold Reform Housing and Urban Development Act 1993 (the 1993 Act). Each flat is subject to a lease which reserves a ground rent and has a term of 35 years remaining. My clients include: the lessee of flat 1 which she occupies as her sole residence; a nonresident individual who owns flat 2; a husband and wife who jointly own flat 3 as an investment; and a company which owns flat 4 as an investment. My clients have been advised that the purchase price for the freehold interest will be in the order of £2.2m and that they will be liable for the freeholder’s...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.