62. Determining property ownership duration
To determine if you meet the minimum ownership requirement of at least two years, follow these steps:
| Review ownership timeline | Carefully review the timeline of your property ownership. Calculate the period from the date of your property acquisition to the present day. |
| Minimum two-year ownership | Ensure that your ownership duration exceeds the required two-year threshold. This is a fundamental criterion for various enfranchisement options, such as buying the freehold or securing an extended lease. |
| Eligibility for enfranchisement rights | The ownership duration is a key factor that influences your eligibility to exercise enfranchisement rights. Meeting this requirement is essential to move forward with enfranchisement processes. |
| Consult legal professionals | If you have any doubts about your ownership duration or eligibility for enfranchisement, consider consulting legal professionals with expertise in leasehold enfranchisement. They can provide guidance and ensure you meet the necessary criteria. |
| Enfranchisement options | Enfranchisement options may include lease extensions, collective freehold purchases, or Right to Manage. Understanding your eligibility based on ownership duration is the first step in exploring these options. |
Determining your property ownership duration of at least two years is a foundational criterion for various leasehold enfranchisement options. It is crucial to review your ownership timeline and ensure that you meet this requirement before proceeding with any enfranchisement processes. Legal professionals can provide valuable guidance in this regard.