How long does it take to enfranchise a lease?
1. It can be anything between about two months and thirty months. Most range from start to finish at about six months. A typical series of events would be as follows: 2. A statutory notice is served requiring a response within 2 months. 3. 2 months later the notice is admitted (but it could be that much sooner). 4. As soon as the notice is admitted, the landlord may file an application with the Leasehold Valuation Tribunal and at the same time it will then be possible to enter into negotiations with the landlords’ surveyor. Those negotiations may endure for several months. 5. After about six to eight months, if one of the parties has lodged an application with the valuation tribunal, a date for the hearing may be notified in two months time. 6. Once the price is agreed or determined by the tribunal, the statutory regulations allow that the landlord cannot serve a completion notice for one month and that completion notice must allow one month – so that’s two months in aggregate – and if
