Buying a property
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Extending a lease
Under the current leasehold reform legislation flat owners with a long lease (originally granted for more than 21 years), subject to certain rules of qualification, would be entitled to:
- Claim either an individual 90 years Extension to their existing Lease, subject to a peppercorn rent (Lease Extension)
- Or jointly with their co-lessees buy the freehold of their building (Collective Enfranchisement)
