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Property Tribes is delighted to announce that the Association of Leasehold Enfranchisement Practitioners is now sponsoring our Leasehold Tribe.An Introduction to the Association of Leasehold Enfranchisement PractitionersEstablished in 2007, the Association of Leasehold Enfranchisement Practitioners (ALEP) is a not-for-profit association that promotes best practice and high standards to firms working within the residential leasehold enfranchisement sector.ALEP brings together barristers, managing agents, project managers, solicitors and valuers working in the leasehold sector under one, all-encompassing organisation. ALEP currently has 215 member firms and individual barrister members.Every member firm is thoroughly vetted before being accepted as an ALEP member to ensure that the highest standards in the sector are maintained.Leasehold enfranchisement is a complex issue which requires the services of practitioners who are qualified and competent in dealing with intricacies it presents.What is leasehold enfranchisement?
Leasehold enfranchisement is the collective term for the process of democratising what is effectively a thousand-year-old feudal system. Successive governments have implemented legislation including:
These have made it progressively easier for leaseholders to buy out the freeholders collectively (whereby each leaseholder has a lease and also owns a share of the freehold), extend their leases or replace the managing agents, among other things.The lease is a document that governs this relationship. For most leaseholders this is a rather impenetrable and complex document that they never read. ALEP encourage every owner to make sure they DO read this and understand the various agreements under which they are bound.ALEP members are specialists in helping leaseholders make changes to the tenure of their properties. Of course, as the specialists, ALEP members also act for freeholders in these transactions.
Nick Tadd, owner of Property Tribes commented:"Leasehold enfranchisement is a complex area of property ownership and Property Tribes is delighted to be able to direct our community to specialist advice.ALEP members can assist with many issues that we see raised on Property Tribes such as lease extensions, buying the freehold of a building, and service charge disputes.Working with an ALEP member, you can be ensured of expert input and guidance.You can find your nearest ALEP member using this handy postcode search tool.Property Tribes looks forward to working with ALEP to create awareness and education of leasehold enfranchisement issues, ensuring that landlords make wise choices in this niche area."SEE ALSO - Negotiating with FreeholderUP NEXT - Purchasing Freehold on pair of flats DON'T MISS - Investment potential of leasehold properties ... NOW WATCH:
Fantastic - Can ALEP confirm my research that a LTD Co that owns 11 out of 12 flats in a block can not enfranchise, due to some "3 or more" rule? Seems a odd rule and wonder if there is an alternative if majority leaseholder is same company/entity.
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You are right - the LTD's flats are disregarded from the count up of qualifying flats !
One of the qualify criteria for a building to be enfranchised under the Leasehold Reform, Housing and Urban Development Act is that the total number of flats held by qualifying tenants must not be less than 2/3 rds. of the number of flats.Where the same person or company is the registered owner of 3 or more flats, none of those flats are regarded as being held by a qualifying tenant. To engineer qualification under the 1993 Act you would have to change the registered ownership of a number of the units.This is not always feasible where the flats are subject to existing mortgage arrangements and transfer the units could also have Capital Gains/Tax implications. I am not aware of a way around this odd rule.
Great to see the Association of Leasehold Enfranchisement Practitioners (ALEP) has joined Property Tribes.
Anthony Gold's Leasehold Service Team has been an active member of ALEP for years and have seen first-hand how the organisation has increased awareness of serious failings within the Leasehold Property sector.
ALEP announces appointment of John Midgley to its Executive CommitteeThe Association of Leasehold Enfranchisement Practitioners (ALEP) has announced it has appointed John Midgley as a new member of its Executive Committee.The ALEP Executive Committee deals with the day-to-day running of ALEP, and other members include Anna Bailey and Mark Chick. John’s appointment follows the tragic death of ALEP co-founder Alex Greenslade in December, which left a vacancy on the ALEP board. Already a serving member of ALEP’s Advisory Committee, John was well placed to make the move to its Executive Committee. John is an esteemed figure in the leasehold enfranchisement sector. He is a partner in the Property Disputes team at Seddons and heads up the specialist Leasehold Enfranchisement team. Regularly named as one of the sector’s most influential professionals, John also writes for specialist publications on a variety of enfranchisement and landlord and tenant issues. A notable achievement of John’s was being instrumental in pioneering the Leasehold Reform Amendment Act 2014 and he continues to work with parliament on issues impacting the leasehold sector.Anna Bailey ALEP Co-founder and Director said: “John has a comprehensive understanding of the Association and how it operates, and we are delighted to welcome him to the ALEP Executive Committee. We now have a vacancy on the Advisory Committee which will be filled by election at the next AGM. “John has been a great asset to ALEP over many years, and we all look forward to working with him in his new position.”For more information on ALEP and membership, please visit https://www.alep.org.uk/
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**