leasehold enfranchisement

Leasehold enfranchisement is the legal process allowing tenants to buy the freehold of their property or renew their lease, giving them greater control over their home. It typically applies to long-term leaseholders of flats or houses, enabling them to collectively or individually purchase their property's ownership rights from the landlord. This process can help tenants gain security, manage maintenance costs, and modify the property more freely. Laws governing enfranchisement vary by jurisdiction, but overall, it aims to empower leaseholders to become more autonomous owners of their homes.