Collective Enfranchisement - Valuation
An outline of the valuation principles to determine the price for acquiring the freehold of a building containing flats under the Leasehold Reform Housing and Urban Development Act 1993.
You do not have to participate in buying the freehold. If you do not take part you will remain a leaseholder and the terms of your lease will stay the same.
If you want to join in the purchase or buy a share of the freehold at a later date this will be at the discretion of the participating leaseholders. All you can do is negotiate.
More information you might find useful:
- Collective Enfranchisement – Getting Started
- More Frequently Asked Questions on Buying the Freehold of Flats
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