Collective Enfranchisement Alternatives
Overview Pros and Cons Qualification Valuation Procedure Alternatives Services & Costs
Extending the Lease
- If insufficient numbers of leaseholders are interested in Collective Enfranchisement but an individual leasehold owner still wishes to maintain the length of their lease (and value of their property), Lease Extension may be an option.
- Provided that the leaseholder qualifies, they can apply for a Lease Extension of 90 years in addition to the existing term on peppercorn (£0.01) ground rent. This does not require the participation of any of the other leaseholders. Pro-Leagle offer a full Lease Extension service.
Right to Manage
- If leaseholders do not wish to pay the cost of Collective Enfranchisement but still wish to rectify difficulties with maintenance or service charges, Right to Manage may be an option.
- Provided that the leaseholders and their property qualify, the leaseholders could take over management of the property. The costs involved are generally low. Pro-Leagle offer a full Right to Manage service.
For the process [to be concluded] is incredible and we still can't believe the extension is complete. We would like to take this opportunity to truly thank you for being so clear, calm and always helpful in our case and for ensuring that negotiations and management of the extension happened smoothly and with minimum confusion and fuss. We are delighted with the result...we will most definitely recommend you to anyone we come across in a similar situation.