Beyond Enfranchisement – Issues To Consider

Recently enfranchised blocks are likely to face a number of issues, such as:

• The need to extend the leases of those participating in the collective enfranchisement to 999 years

• Considering whether to sell parts of the property (eg currently unused lofts) to free up capital

• Arranging sale of shares in the Freehold Company to flats that did not originally participate in the freehold purchase – to realise asset value for your freehold company

• Deciding how any proceeds raised from such sales of shares are to be distributed

• Reviewing current contracts that you have with service providers, including, for example, the cleaners of any shared facilities like lobbies, corridors and stairs

• Choosing a new managing agent – which can itself be quite an intimidating task for those not used to it

• Getting to grips with new aspects of property management such as required fire risk assement

• Developing and keeping to effective systems for collection of ground rent from any non-participants in the freehold purchase, and service charges from or flat owners

The amount of legislation affecting residential property management is growing quickly. A good point of reference is ARMA – The Association of Residential Managing Agents. Their web address is Their website has lots of useful information about Residential Managing Agents as well as a list of their members.

In addition, when considering appointing a managing agent, you might want to check if they are members on the RICS (The Royal Institute of Chartered Surveyors) website at

In Need Of Collective Enfranchisement Legal Advice?

Wherever you block is in England and Wales, we can help.

So for a FREE initial telephone advice on your Lease Enfranchisement, and a FREE enfranchisement quote

• Call our enfranchisement and lease extension Solicitors on (01722) 422300 or

• Fill in the enquiry form below

Comments or questions are welcome.

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