The following Property Q&A produced in partnership with Shabnam Ali-Khan of Russell-Cooke provides comprehensive and up to date legal information covering:
Under the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993), subject to various qualifying criteria, tenants who hold long leases of flats have a collective right to buy the freehold (and any intermediate leasehold interests) of the building containing those flats together with any common areas (eg gardens, car parks, etc). The process is commonly referred to as collective enfranchisement.
In order to qualify under LRHUDA 1993, various criteria must be met. Broadly, these are that:
the building must be self-contained or part of a building
no more than 25% of the internal floor area of the building (excluding common parts) is to be in non-residential use. This could include
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