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.
To provide a quick refresher – if you find yourself in one of these situations: You and/or other leaseholders are dissatisfied with your landlord’s management of your residential building; or you want to exercise your rights to ownership of your property; or you wish to increase the value of your property, you might be considering […]
In The Oxford English Dictionary, the rather unique term, “peppercorn rent” is defined as “a low or minimal rent”. However, what is considered low or minimal can vary greatly. And where does the idea of a ‘peppercorn’ even come from anyway?
Official UK Government statistics estimate that there are over 4 million residential leasehold properties in the UK.