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As I write my 101st post and conclude my 24th year in advising and negotiating premiums to extend the lease or acquire the freehold, I have decided the time has come to retire. I have had an amazing ride having been one of the first valuers to seize the opportunities of the Leasehold Reform, Housing… Read more »

Only part of it 

Having negotiated the premium for a lease extension including my client’s head lease to give the claiming lessee an overall extended lease of approx. 987.5 years instead of an additional 90 years to approx. 141 years, the claiming lessees decided to withdraw pending the outcome of the Leasehold and Freehold Reform Bill currently wending its… Read more »

Right now we have no idea what the proscribed capitalisation and deferment rates will be. Without knowing this, it is impossible to advise as to the likely cost to extend a lease / acquire the freehold under the proposed regime in place of the proposed abolition of marriage value. As a result the standard valuation… Read more »

Perhaps the biggest headline proposal to make it easier and simpler to extend a lease / acquire the freehold is that all intermediate leases are to be merged with the superior interest. It will no longer be up to the claimant to apportion the premium in the offer notice between the relevant landlords; nor on… Read more »

Aside from the main changes already reported on the proposed legislation in this blog, one subtle change will be the removal of s3(3) of the Leasehold Reform Act 1967 applying to houses.. This allows a tenant to go back to the beginning of prior leases (assuming each prior lease was a long lease originally of… Read more »

The bill has completed its second reading and is going to the committee stage in the new year – it is worth noting the following effect on the proposed: Abolition of marriage value I have seen comment that the shorter the lease, the more impact this will have on the saving to a tenant. This… Read more »

Today the government at last introduced in parliament the much anticipated legislation ‘to simplify and make cheaper’ the process of extending a lease or acquiring the freehold, the reforms having been on the cards since January 21 as reported on this blog. The process though is likely to turn into something of a damp squib…. Read more »

Since setting up my eponymous company in July 2000,

It was pleasing to settle a collective freehold claim