Can More Mixed-Use Buildings Qualify for Enfranchisement Now? 🏢🔑
Автор: UK Property Trading & Auctions
Загружено: 2024-06-20
Просмотров: 119
Описание:
The increased commercial property element is another significant change. Under the old rule, buildings with more than 25% commercial area couldn't qualify for enfranchisement. Now, this limit has been increased to 50%, allowing many more mixed-use buildings to qualify. This means that freeholders with commercial assets must take note: if the commercial space is less than 50% and at least 50% of leaseholders agree, they can apply for enfranchisement and buy the freehold of the property.
#CommercialProperty #Enfranchisement #PropertyMarket #MixedUseBuildings #Freeholders #Leaseholders #PropertyReform #RealEstateLaw #MarketChanges #RealEstateInvestment
Website: https://hammeredauctions.co.uk/yt
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