The 80 Year Rule
Strathmore Gardens
As a result, the cost of enfranchisement increases, sometimes considerably, the moment that the unexpired term drops below 80 years. This is important and applies to Collective Enfranchisement and Lease Extensions. The 80 years date is the date of the Initial Notice. Accordingly, if your lease is nearing 80 years, appointment of experts (hopefully ELS!) becomes crucial.
So... Non-Participants.