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Hello
We are looking at collective enfranchisement.
According to the leasehold advisory service if a tenant owns 2 or more flats they are disqualified from participating, but on most legal firms websites its says they need to own 3 flats to disqualify...can someone point me to the correct section of the law, so we know if we can proceed.
Our situation is there are 4 flats, A,B,C,D. Owners of flats A and B want to purchase the freehold. The freeholder himself owns C and D (rents them out), but has created leases for his properties.
As flats A and B = 50% - I understand we can go for enfranchisement.
The only thing is if property C and D, cannot be included in the 'properties with leases' (two thirds of the properties need to have qualifying leases), then it means only 50% of the flats qualify and that's not enough to enfranchise.
How many flats does a tenant need to own to disqualify...2 or 3?
Thanks
We are looking at collective enfranchisement.
According to the leasehold advisory service if a tenant owns 2 or more flats they are disqualified from participating, but on most legal firms websites its says they need to own 3 flats to disqualify...can someone point me to the correct section of the law, so we know if we can proceed.
Our situation is there are 4 flats, A,B,C,D. Owners of flats A and B want to purchase the freehold. The freeholder himself owns C and D (rents them out), but has created leases for his properties.
As flats A and B = 50% - I understand we can go for enfranchisement.
The only thing is if property C and D, cannot be included in the 'properties with leases' (two thirds of the properties need to have qualifying leases), then it means only 50% of the flats qualify and that's not enough to enfranchise.
How many flats does a tenant need to own to disqualify...2 or 3?
Thanks
