Category: Uncategorized

Thank you and Goodbye

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 »

A potential conundrum indeed

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 »

Leasehold and Freehold Reform Bill – really helpful rule applying to houses in potentially reducing the premium will be removed.

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 »

Leasehold and Freehold Reform Bill – will it all happen?

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 »