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In August 2010 Chi Collins joined Collins Benson Goldhill LLP as a partner, heading up the property litigation department.
Her expertise includes leasehold enfranchisement work. Under certain legislation leaseholders in flats and houses may extend their leases, collectively purchase the freehold of their buildings or collectively apply for the right to manage their buildings. There are specific qualifying criteria to satisfy for both landlords and leaseholders in addition to strict rules and time limits and it is therefore important to follow the legislation carefully, or there could be significant adverse consequences.
Chi has extensive experience in this area of practice and acts for both landlords and leaseholders across the UK. She is able to guide you through the legislation and achieve your objectives as quickly and cost efficiently as possible, making sure that you receive the correct advice from suitably qualified surveyors. If a dispute arises, then she will advise you on the best solution and represent you at the Leasehold Valuation Tribunal if necessary.
Many leaseholders and landlords do not realise that when a lease has less than 70 years left unexpired, the value reduces at a quicker rate and many mortgage lenders will not grant advances on these leases. Leases with more than 80 years left unexpired also have an advantage that they do not attract “marriage value” which can mean a significant saving on a lease extension premium.
Thus extending your lease can preserve or improve its value whilst landlords can achieve a return on their investments. Similarly, a majority of leaseholders can (subject to other criteria) collectively enfranchise (i.e. purchase) their building if they wish to take control of it and extend their own leases afterwards, or if they do not wish to purchase the building, they can apply for the right to manage. A share of the freehold can enhance the value of a flat as well as give the leaseholder involvement in the running of the building itself.
Collins Benson Goldhill LLP is a Lexcel accredited firm of solicitors* based in Oxford Circus in Central London, which has been established for 21 years specialising in providing practical and professional advice in connection with all aspects of commercial and property law from compromise agreements to employment contracts. Further information can be obtained from the website www.cbglaw.co.uk.
*Lexcel is a quality mark awarded by the Law Society of England and Wales for good practice
Her expertise includes leasehold enfranchisement work. Under certain legislation leaseholders in flats and houses may extend their leases, collectively purchase the freehold of their buildings or collectively apply for the right to manage their buildings. There are specific qualifying criteria to satisfy for both landlords and leaseholders in addition to strict rules and time limits and it is therefore important to follow the legislation carefully, or there could be significant adverse consequences.
Chi has extensive experience in this area of practice and acts for both landlords and leaseholders across the UK. She is able to guide you through the legislation and achieve your objectives as quickly and cost efficiently as possible, making sure that you receive the correct advice from suitably qualified surveyors. If a dispute arises, then she will advise you on the best solution and represent you at the Leasehold Valuation Tribunal if necessary.
Many leaseholders and landlords do not realise that when a lease has less than 70 years left unexpired, the value reduces at a quicker rate and many mortgage lenders will not grant advances on these leases. Leases with more than 80 years left unexpired also have an advantage that they do not attract “marriage value” which can mean a significant saving on a lease extension premium.
Thus extending your lease can preserve or improve its value whilst landlords can achieve a return on their investments. Similarly, a majority of leaseholders can (subject to other criteria) collectively enfranchise (i.e. purchase) their building if they wish to take control of it and extend their own leases afterwards, or if they do not wish to purchase the building, they can apply for the right to manage. A share of the freehold can enhance the value of a flat as well as give the leaseholder involvement in the running of the building itself.
Collins Benson Goldhill LLP is a Lexcel accredited firm of solicitors* based in Oxford Circus in Central London, which has been established for 21 years specialising in providing practical and professional advice in connection with all aspects of commercial and property law from compromise agreements to employment contracts. Further information can be obtained from the website www.cbglaw.co.uk.
*Lexcel is a quality mark awarded by the Law Society of England and Wales for good practice
Additional Links :
leasehold enfranchisement
Compromise Agreements
employment contracts
Contact Info
Press Contact,CBG Law ContactPhone : 02074365151
Email : cbg@cbglaw.co.uk
