Leasehold Enfranchisement

Leasehold Enfranchisement definition

/ˈliːshəʊld/ /ɛnˈfran(t)ʃɪzm(ə)nt/

What does Leasehold Enfranchisement mean?

The statutory right to extend a residential lease and acquire the freehold, enabling tenants to continue occupation of their residential property at a fair price and on fair terms, and allow leaseholders to maintain capital value and mortgage their properties.

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