There exists extremely important legislation providing Statutory Right to property leasehold owners, enshrined in the Leasehold Reform Acts
There are three major elements, that of:
- Lease Extension / Renewal
- Right to Manage
- Leaseholder Enfranchisement (freehold acquisition)
We are able to steer owners through these very complicated processes to ensure they achieve their full legal rights. These provide the owners with full control over the valuable asset they own.
Full details of the provisions of the Leasehold Reform Act may be found at http://www.legislation.gov.uk/ukpga/2002/15/contents
The provisions are very complicated and to ensure the outcome required is achieved the different processes need to be professionally and carefully handled.