As an alternative to a lease extension, leaseholders in a block can acquire the Freehold in what is technically known as enfranchisement.
At Copping Joyce Surveyors we aim to ensure that residents are given a concise an accurate assessment of the likely cost of acquiring the Freehold interest in their property. Our report will set out our advice as to the sum to be inserted in the Notice of Claim and will provide further explanation of anticipated areas of contention.
In the case of larger blocks of flats we will advise on the impact of non-participating tenants and review all other matters such as the impact of development potential and claims for other forms of compensation.
When acting for freeholders we endeavour to ensure that the best price is achieved which may reflect development potential and similar losses.