Adding Value to Your Home: A Guide to Extending Your Lease or Buying Your Freehold

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9780117021693: Adding Value to Your Home: A Guide to Extending Your Lease or Buying Your Freehold

In 1967 the Leasehold Reform Act became the first piece of legislation enabling tenants to force their landlords to sell their freehold interest. Although limited in scope to low rateable value houses, the concept of leasehold enfranchisement was established, and since then, legislation has evolved to provide the majority of leaseholders of flats with similar rights. This guide explains the criteria which must be satisfied before a claim can be submitted, described the procedure involved from the service of a claim to the completion of purchase, and provides a guide to the basis on which the premium payable to the landlord is calculated.

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About the Author:

David Radford is a Partner in the Leasehold Reform department at KnightFrank, and has worked exclusively in advising landlords and tenants in relation to lease extension and enfranchisement claims since 1994. He also has experience in representing clients before the Leasehold Valuation Tribunal and Lands Tribunal.

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