Q&As

Three tenants are to collectively enfranchise. It has been agreed that the tenant with the largest flat will have a 50% share in the nominee purchaser. Can the nominee purchaser be a company limited by shares, or must it be limited by guarantee?

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Produced in partnership with Chris Bryden of 4 King’s Bench Walk
Published on LexisPSL on 18/06/2018

The following Property Q&A produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:

  • Three tenants are to collectively enfranchise. It has been agreed that the tenant with the largest flat will have a 50% share in the nominee purchaser. Can the nominee purchaser be a company limited by shares, or must it be limited by guarantee?

Three tenants are to collectively enfranchise. It has been agreed that the tenant with the largest flat will have a 50% share in the nominee purchaser. Can the nominee purchaser be a company limited by shares, or must it be limited by guarantee?

The Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) provides, amongst other things, that qualifying tenants of flats contained in premises to which LRHUDA 1993 applies may collectively enfranchise by the acquisition of the freehold. The premises are to be acquired on behalf of the qualifying tenants by a person or persons appointed by them for the purpose (LRHUDA 1993, s 1(1)(a)).

LRHUDA 1993, s 15 deals with provisions in respect of the nominee purchaser, who conducts all proceedings arising out of the initial notice with a view to the acquisition of the freehold on

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