Leasehold Reform Housing and Urban Development Act 1993 And Commonhold And Leasehold Act 2002 Collective Rights to Enfranshisement

The Leasehold Reform Housing and Urban Development Act 1993, amongst other things, brought in the right to enfranchisement on a collective basis. The Act enables residential long leaseholders of flats to act together to purchase the freehold of their building. This has been amended by the Commonhold and Leasehold act 2002, not all sections are yet in force

In addition, the Act enables a residential long leaseholder of a flat to purchase a new lease for an additional ninety years at a peppercorn rent. The Act also extended certain rights under the Leasehold Reform Act 1967 in relation to houses and gives other management rights, but this note is to give some information as to whether or not a group of tenants within a block of flats may buy the freehold.