As time goes by leases get shorter and thus the value of the same can go down whilst other prices for properties around go up. This book examines the issues of short leases, what can be done to extend them and the practical considerations surrounding the same. Alternatives are discussed including the right to purchase the freehold to the properties in question (enfranchisement), exercising the Right To Manage provisions that exist and considering alternatives to leasehold by way of commonhold. This book provides a practical guide to practitioners on how to approach such matters.
The updates for the second edition include a review of some new crucial cases, the proposed changes to the law surrounding lease extensions, the changes to the law surrounding acquiring the freehold to a block and the ongoing debate with the latest thoughts on Commonhold.
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