what are the main criteria for a leasehold enfranchisement?
February 20th, 2009
There are several criteria when conducting a leasehold enfranchisement. As a leasehold enfranchisement is a matter of legal consideration, then you need to be sure that you fulfil all the legal criteria that are required. So what are they? The building concerned needs to be a self contained block of flats. The building concerned also must have no more than 25% of its use dedicated to non residential usage. Out of all the flats within the building, two thirds need to be let to tenants who qualify as leaseholders eligible for leasehold enfranchisement. 50% of the tenants in the building and who also qualify, need to participate.
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