Ground rent is a term familiar to many leaseholders, yet its implications can often be unclear. Understanding ground rent, especially regarding increases, is crucial for leaseholders. This article aims to clarify whether a freeholder can increase ground rent, examining legal, contractual, and practical aspects.
Understanding the ins and outs of collective enfranchisement regulations can be a game-changer for leaseholders looking to take control of their property.
Understanding the distinction between freehold and leasehold is crucial. Freehold ownership signifies absolute ownership of both the property and the land it sits on, offering various benefits and responsibilities. However, there’s also an option to collectively purchase the freehold, known as share of freehold, which presents its own set of advantages and considerations.
Collective enfranchisement is a concept that empowers leaseholders to take control of their living spaces by collectively purchasing the freehold of their building. This process not only grants leaseholders greater control over their homes but also offers various financial benefits and increased property value.
A collective freehold purchase, also known as collective enfranchisement, is a process where leaseholders within a building collectively acquire the freehold, gaining increased control over the management and maintenance of their property.
In January 2021, the UK Government issued a press release trumpeting the “biggest reforms to English property law for 40 years”. However, will leaseholders really see any benefits? If so, to what extent and when?
Breaking News: The King’s Speech featured a brief snippet on Leasehold Reform. We look at the implications and what leaseholders might be able to expect.
The Freehold Collective, a partnership dedicated to helping leaseholders acquire the Freehold of their building, has been awarded, for the second year running, Project Manager of the Year at the 2023 ERMAs, whilst Senior Account Manager John Henderson was Highly Commended in the Professional of the Year category.
If you have a leasehold property and need to extend your existing lease, but aren’t sure how, you’re in the right place.
Are you a leaseholder who has recently received a notification from the local council of a proposed development of new flats on your roof? If so, this guide is for you.
