If you are a lessee or a group of lessees considering acquiring your freehold of your block of flats under the Leasehold Reform Housing and Urban Development Act 1993 or exercising your right to manage under the Commonhold and Leasehold Reform Act 2002, consider our top tips designed to make the process as smooth and costs efficient as possible.
- Recognise that you are all working together to achieve a common goal.
- Appoint one or two lessees who are both willing and able (in terms of understanding and time) to act as a point of contact to your professional advisors.
- Make sure you provide your instructions and any paperwork requested efficiently when requested.
- Be decisive when making decisions or exercising any vote you are asked to make.
- Follow instructions from your professional advisors carefully and correctly. Complete any forms requested entirely.
- Keep a note of any deadlines given to you to ensure you do not miss them, and so you are aware of when you can expect an update.
- Ensure you have or will have funds available before embarking on the process.
- Research and take advice as to your opinions as a group.
- Consider visiting the Leasehold Advisory Website where there are many helpful guides to process and the law.
- Choose experienced professional advisors who can guide you through the process as smoothly as possible and are able to deal with tricky opponents.
Our award winning Leasehold Enfranchisement team have the specialist knowledge, expertise and experience to advise you in respect of these claims.
This is not legal advice; it is intended to provide information of general interest about current legal issues.