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 can apply to the First-tier Tribunal (Property Chamber) for them to determine the terms. This application must be made within 6 months from the date of the counter-notice. There is no fee for such an application.
Buying the freehold can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
More information you might find useful:
- Lease Extension – Getting Started
- Collective Enfranchisement – Getting Started
- Application to the First-tier Tribunal (Property Chamber)
- More Frequently Asked Questions on Buying the Freehold of Flats
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers