Leasehold Property Management
If you are considering selling your freehold title, it is likely you will need to serve notices on the leaseholders first. Failure to do so may be a criminal offence.
Or, you may have been approached by a leaseholder wishing to extend their lease. Alternatively, a group of leaseholders may wish to buy the freehold (collective enfranchisement) or exercise their statutory Right to Manage the premises. There are various situations, from leasehold enfranchisements and lease extensions to sale and lengthening of freehold, where sound legal advice is necessary.
There are various complex procedures involved and deadlines to observe, so it is important that you receive sound advice from an experienced practitioner in this niche area. We have a team of fully-qualified and experienced solicitors who can guide you through the maze of legislation both from a legal and practical perspective. We shall ensure that you do not fall down the many pitfalls that landlords become trapped in, thus ensuring you gain the right level of compensation you are entitled to.
Commonly asked questions from landlords/freeholders of property divided into leasehold flats:
- What do I need to do if I want to dispose of my interest in the building?
- What are my rights and obligations as a freeholder?
- What do I do if I receive a notice from my tenants stating that they have a statutory right to buy my freehold or to extend their lease?
- Am I being adequately 'compensated' for the potential loss of my freehold?
We advise landlords on all legal matters that can be encountered in property management such as the provision of deeds of covenant, licences to assign and consent to alterations.
We like to make our charges clear and understood. Wherever possible we offer a fixed fee. However, some types of work are unsuitable for fixed fees and where this is the case we will explain why and offer one of the following:
• Capped fee
• Conditional fee
• Hourly rate
For this type of work, charges are normally made by hourly rate. Call or email for further details.