A number of residents in a mansion block have decided they want to buy the freehold of their building, but they have only 20 years left on their leases and are unsure as to whether they have the number of participants needed to Collectively Enfranchise.
Rosetta Consulting Ltd assists the residents by organising a group Lease Extension initiative, by which each participant will compel the landlord to sell them a 90-year Lease Extension at a fair market price and within a statutory timeframe. The residents enjoy economies of scale by using one solicitor and one surveyor for the project. Rosetta advises the residents on how to pursue Enfranchisement more easily after they have secured their 90-year Lease Extensions.
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