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Ask Clare Your Own Question
Clare
Clare, Solicitor
Category: Property Law
Satisfied Customers: 34131
Experience:  I have been a solicitor in High Street Practise since 1985 with a wide general experience.
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I am a Freeholder and the tenant is selling the flat. the

Customer Question

I am a Freeholder and the tenant is selling the flat.
the prospective buyer's solicitor is asking

Please advise whether any tenants have taken steps to:
(a) Enfranchise the Lease
(b) Extend the Lease Term
(c) Exercise the “right to manage”
(d) Form a company in connection with the above.

What does enfranchise a business mean?

the actual tenant has extended the lease. does that mean that they have forfeited the right to manage. when can some one exercise the right to manage?
Submitted: 3 years ago.
Category: Property Law
Expert:  Clare replied 3 years ago.
Hi
Thank you for your question
Enfranchisement is about buying a share of the freehold.
The right to manage is about managing a block of flats
From what you have said the answer to a c and d is no and to b is yes.
Clare

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