Qualifying to buy the freehold of your building
- There must be two or more flats in your building.
- At least two-thirds of the properties in the building must have been sold on long leases (leases with a term of over 21 years).
- A Right to Enfranchise (RTE) company (a private company limited by guarantee) must exercise the right to buy the freehold of the building. Its members must hold at least half the long leases on the flats in the building.
- Not more that 25% of the inside floor area should be in non-residential use, for example, a shop or office (this does not include shared stairs inside the building).