Tag: flat ownership
What is collective enfranchisement?
If you own a flat with a long lease (granted for more than 21 years) you have the right to purchase the freehold of the building. This is referred to as collective enfranchisement. Where a landlord or management company owns the freehold of a property that contains flats, the flat owners will be required to...
Flat ownership and the right to manage
If you own a flat, the freehold may be owned by the landlord. This means that the landlord will generally be responsible for carrying out tasks such as arranging for the common areas and the fabric of the property to be kept in good condition, arranging buildings insurance and organising contractors to carry out works....