As a lead member of the Association of Leasehold Enfranchisement Practitioners (ALEP) Colman Coyle has been invited to attend a discussion on the reforms recently proposed by the Law Commission which aims to provide better deals for leaseholders who want to purchase their freehold or to extend the lease of their home.
The consultation paper stretches to over 500 pages and proposes a new regime which no longer turns on the distinction between houses and flats but instead proposes the following rights:
- A universal right to a lease extension which is available to all leaseholders, whether they own a house or flat;
- A right for leaseholders to acquire the freehold of a building individually, or of a building or estate collectively; and
- A new right for leaseholders who did not participate in a previous collective freehold acquisition to do so at a later date
If you are a leaseholder or a landlord and require any advice about your rights and or obligations you should contact Mr Adam Palmer on +44(0)20 7354 3000 or email@example.com.