Collective Enfranchisement Qualification

07:51 14 May in News & Case Studies
0 Comments
  • Qualifying as a leaseholder
    • To qualify a leaseholder must have a long lease, which is defined as a lease with at least 21 years when first granted.
    • A shared ownership lease is a long lease if the owner has “staircased” up to 100% ownership.
    • A leaseholder will not be a qualifying leaseholder if they own more than two flats in the building. They would not be qualifying leaseholder of any of the flats.
  • The Building
    • Building must be a self-contained building, or part of a building. If part of a building it must constitute a vertical division of the building, with services either independent to that part, or could be so provided without significant interruption to the remaining part.
    • There must be at least two flats in the building and at least two-thirds of the flats must be owned by qualifying leaseholders.
    • No more than 25% of the internal floor area, excluding common areas, to be in non-residential use, e.g. shops or offices.
    • At least half the flats in the building must participate and those flat owners must be qualifying leaseholders.
No Comments

Post A Comment