Freehold Enfranchisement
ENFRANCHISEMENT
Have the leaseholders served you with a Section 13 Notice to acquire the freehold from you?
We aim to ensure you are compensated appropriately during the statutory process.
You may have been approached by your lessees (possibly having been served an Initial Section 13 Notice) seeking to acquire the freehold of the building, therefore requiring the relevant advice and counter offer information in order to respond to this request.
It is imperative the company you use understand the process and relevant timescales to ensure you obtain the highest level of premium for your investment in the freehold.
Where the property has “hope value” for development whether rooftop or otherwise we are able to advise on the value where necessary using the latest financial appraisal software (APRAO) and providing Expert evidence at First Tier Tribunal. Above all we are able to use our years of experience to negotiate maximising the compensation payable.
Relinquishing the freehold interest
Our Reports
Our reports can be tailored to the nature of the property and claim, with premium apportionments per flat based on the level of participation advising on the value of non-participant flats, development potential and other areas of compensation that the freeholder may be entitled to.
Our reports are comprehensive usually involving an inspection of the property, leases, title documents and a representative number of flats, calculation of gross internal floor areas, research into reversionary and short lease values with recommendations on the premium to be inserted in the Section 21 Notice.
Chroma Surveyors can provide comprehensive valuation advice whether for a multi-million pound period building in Prime Central London, a small provincial conversion or large purpose built blocks.
Chat to us about how we can advise you through the process