Getting all the tenants to commit to a leasehold enfranchisement.
February 17th, 2009 . by adminIf there are many tenants involved in a leasehold enfranchisement, then a very wise thing to do is to get all those who are participating in the enfranchisement to enter into a binding commitment to. This can take the form of a preliminary commitmentwhich is a commitment to both the leasehold enfranchisement in principle as well as to any of the initial costs that are involved in the early investigations. The second stage would be the commitment to the formal acquisition of the property via a leasehold enfranchisement. As you can imagine, the request for official commitment will very quickly sift the wheat from the chaff and you will know which tenants are serious about the enfranchisement.