Leasehold Enfranchisement Jonathan Gerber Owners of leasehold property have rights under a number of Acts of Parliament to; • extend the lease term by a number of years. • purchase freehold houses • jointly purchase the freeholds of blocks of flats These rights are available whether the leaseholder is resident in the property or not. Extending a Leasehold Under certain circumstances, Leaseholders may wish to extend their current lease agreement. Any Leaseholder has the right to purchase an extension of 90 years to an existing Lease at a peppercorn rent provided that; • the Leaseholder has owned the flat for the last 2 years • the Leaseholders original Lease term is greater than 21 years • An extension is available whether the Leaseholder is resident in the property or not.