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Wednesday, 23 January 2008

Leasehold Enfranchisement

Many of the old rules surrounding leasehold enfranchisement have changed in recent years. For example you no longer need to pass a Residency Test as you do not have to live or even intend to live at the property, nor do you have to own for a set amount of time. This has resulted in leasehold enfranchisement becoming much more common than it used to be, and has resulted in a serious dent in the potential of the Commonhold system, which some 5 years after its introduction is still struggling to get out of the starting blocks.

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Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to if you need legal advise about any of these issues