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a lease extension is sometimes easier than you sell dem franchize meant sometimes known as collective enfranchisement the difference between these two is the least extension means that you will extend simply your own lease on your own flat collective enfranchisement is where a group of tenants all clubbed together to buy their freehold the difficulty with this especially if you live in a larger block a logistics some people may be slow in returning documents may not have the funds to process the transaction and so instead of waiting around for others then you can simply extend your own lease now to ensure that you preserve your own lease and the value of your flat depending on how you extend release you may find that the ground rent provisions are removed if you extend release under the statutory regime and so have an additional 90 years on top of your unexpired term it is also a feature of that process that your ground rent is reduced to a peppercorn so nothing for the remainder of t
