Rennie & Partners specialises in advising clients involved with claims made for residential freehold interests
and residential lease extensions as set out in the Legislation dating from 1967-2002.

We regularly receive appointments to advise both leaseholders and freeholders.

We advise clients on the Right to Buy provisions set out in the Landlord and Tenant Act 1987. Leaseholders
living in flats have the right of first refusal where the landlord proposes to sell the freehold.

We have extensive experience in providing specialist valuations required under the Legislation, and negotiating
the price for freehold acquisitions or 90 year lease extensions.

We have represented clients before the Leasehold Valuation Tribunal and the Lands Tribunal.

There are three types of leasehold enfranchisement:

1. House owners who only have a lease of their house can acquire the freehold.

2. Flat owners can acquire a 90 year lease extension to the existing lease of their flat. When a flat owner
acquires a 90 year lease extension the current Ground Rent payable is extinguished.

3. Flat owners living in blocks of flats can get together and if they have a majority they can set up a nominee
company to buy the freehold for them. In this instance, the flat owners acquire the freehold of the block.
The old freeholder has a right to take 999 year leases at a peppercorn on certain elements of the building.
When the residents have completed the purchase of the freehold via their company, that company grants
each individual resident who has participated in the purchase a new 999 year lease at a peppercorn.