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This area covers lease extensions, enfranchisement of leaseholders, and shared ownership transactions. A solicitor here handles rights under schemes like the Leasehold Reform, Housing and Urban Development Act 1993 and related legislation, guiding you from initial eligibility checks to the completion of a new lease or share sale. They draft or review notices, negotiate terms, compile financial checks, collect statutory valuations, and manage the interaction with freeholders or managing agents, ensuring legally sound transfers or extensions for private sector leaseholders.
A lease extension or enfranchisement often locks in long-term housing costs and ownership security, with time-bound steps and precise valuations. A solicitor ensures the required notices and responses are correctly served, negotiates terms to protect your position, and handles the legal documents, registrations and any court or tribunal steps if needed, safeguarding your ability to remain in the home under a renewed or newly acquired lease.
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