The Benefits of Collective Enfranchisement

Collective enfranchisement is the process of a group of leaseholders coming together to exercise freehold purchase over their block of flats. The obvious benefit of this process is that each individual leaseholder will no longer be responsible for paying ground rent to the landlord and stops them paying on the lease. However there are in addition to this many other benefits that can be found by following the collective enfranchisement process.

One of the first stages of collective enfranchisement is that the leaseholders must get together as a group and learn what each other wishes to achieve out of the situation. If everyone's ideas are discussed out in the open and agreed upon then it makes the whole project have a safer and more community feel to it. These bonds between participants are fundamental in exercising a successful freehold purchase.

Collective enfranchisement is not a quick process. In fact it can take some time for the freehold purchase to be entirely completed. In light of this a large amount of good feeling and trust is important when starting the process. You must be able to feel safe in the knowledge that each leaseholder has the finances and the commitment to see the project through to the end. Where you have successful mutual interest and financial support the end results can be great. It will mean that you all live in a building owned by yourselves and a real sense of respect and community spirit will arise out of it.

Another plus point of collective enfranchisement is when your property requires maintenance. The collective will act faster than a landlord and get a better deal for the work to be done because it is in their interest to do so. On top of this, it is highly likely that one of the leaseholders will have some relevant contacts or skill sets which can contribute to the work. You will no longer have to wait around for your landlord.

One major additional positive to collective enfranchisement for everyone involved is that it can seriously increase the value of your property and most certainly improve the salability. Prospective buyers are much more interested in a flat which they gain a share in the overall building rather than it being owned by a landlord. You also have to ability to lengthen your own lease, which is a massive plus point for buyers.

Collective enfranchisement really does carry many benefits for the leaseholder of which, not all of these are apparent on the surface. If you are thinking about enfranchisement, then seek legal assistance to help get hold of some of these benefits today.


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If you need collective enfranchisement solicitors, contact Bonallack & Bishop, a firm specialising in freehold purchase. Senior Partner Tim Bishop is responsible for all major strategic decisions, seeing himself as a businessman who owns a law firm. Tim has expanded the firm by 1000% in 12 years and has plans for its continued development.