ALEP Step 3
Howmuch will it cost?
Instructavaluertoreportonthelikely purchase price–obtainingdetails of thebestandworst case scenariosand arecommendedfigure for the initial offer. Inadditionto thepurchase price,participatingtenantshave topaysomeofthefreeholder’s reasonable legaland valuation costs
ncosts..
As the only solicitor members of the Association of Leasehold Enfranchisement Practitioners in Devon&Cornwall we can help you with:
Step 4 Doing the paperwork
ParticipationAgreementThisneedstobecarefully drafted as it regulatestherelationshipduringtheprocessbetweenthe
participatingflatowners. Itwill setout,amongother things, eachflat owners’ contributionto priceandcosts.
RequestsforinformationOnoccasions youmayneedto request informationfromtheimmediate landlord ormanagingagentabout
superiorfreeholdorleaseholdinterests in thepremisesandtoascertain whetheranyoneelsehas ever servedanInitial (Section13)Notice.
NomineePurchaserUsuallyacompanywillneedtobe incorporatedto acquirethefreeholdonbehalf of theparticipant.
Initial(Section13)NoticeThiswillneedtobedraftedand signedbyallparticipants(50%+ofqualifyingflatowners). Attorneys, solicitors oragents cannot signontheirbehalf.
DoublecheckEnfranchisement has pitfallsfor theunwary. Itpays todoublecheck thenotice andtitle informationbeforeitis served.
The Property Group headed by Tim Polli contains many individuals ranked in Chambers UK and Legal 500 and includes the authors of Leasehold Enfranchisement Explained and Service Charges and Management: Law and Practice (2nd Edition).
Tanfield Chambers welcomes Direct Access instructions.
For further information or to instruct a barrister, contact: Joanne Meah, Property Clerk or Kevin Moore, Senior Clerk T: +44 (0) 20 7421 5300 or E:
clerks@tanfieldchambers.co.uk
2-5 Warwick Court, London, WC1R 5DJ
www.tanfieldchambers.co.uk
• Buying freeholds for investment • Buying and selling leasehold flats • Service charge disputes • Collective rights of leaseholders (enfranchisement, right to manage)
• Lease extensions • Variations of leases • Missing landlords • Tribunal representation
We offer competitive prices to deal with leasehold matters throughout the South West and nationwide.
14 Southernhay West, Exeter EX1 1PL 01392 258451
www.crosse.co.uk
Need help extending your lease?
SA Law’s enfranchisement specialists can help you maintain the value of your property or property portfolio
Find out more by visiting
www.salaw.com/lease-extention or by calling our team in London on 020 7183 5683 or in Hertfordshire on 01727 798000
THEMAGAZINE FOR LEASEHOLD ADVICE
What are the benefits? Once you own the freehold of your block, if youwishyou cangrant yourselves long leases,rid yourselves of any obligation to pay ground rent and, perhapsmost important, take responsibility forthe wayyourblock ismanaged. Youcan appointyour ownpropertymanagerorevenopt to self-manage.
spotlight on
insurance pain free claims
your freehold Buying understanding the process
communal areas
get the look
Lasting legacy
We talk to davidheWett
THEMAGAZINE FOR LEASEHOLD ADVICE
PARKLIFE!
restoration atbeautiful
country house
BallsPark To advertise email
rebecca@flat-living.co.uk Flat Living Issue 16 45
WWW.FLAT-LIVING.CO.UK
Spotlight on
regulation rogue agents
appearances maintenance must-haves
keeping up
CurtainS
andblindS get the look
Health &Safety
What you need to knoW
THEMAGAZINE FOR LEASEHOLD ADVICE
industrial chic
get the look
rebuilding costs What do they really mean?
Insurance
can i extend my lease?
all you need to knoW
servicecharges? planning ahead
Spotlight on rooms
THEMAGAZINE FOR LEASEHOLD ADVICE
STUNNING! Highbury life at
Square is just pitch perfect
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64