Law Commission’s long awaited report on enfranchisement published today.

The Law Commission’s report on enfranchisement reform published today strives to find a solution to the difficult balance between making the process simpler and cheaper for tenants yet at the same time respect that landlords must be compensated fairly.

The commission has proposed three broad schemes with associated reforms:

1) assumes leaseholder in never in the market [abolish marriage value entirely];

2) assumes the leaseholder is not now in the market but maybe in the future [adopts a form of discounted marriage value referred to as hope value]; and:

3) assumes the leaseholder is in the market [adopts marriage value per the current status quo]

which will give the Government much food for thought as to how it will intend to amend the current law.

Options for reforming valuation in leasehold enfranchisement published by Law Commission

Law Commission delayed due to further prorogation of Parliament

In last month’s blog, I updated about the Law Commission’s consultation into reform of the enfranchisement process and its hope to release its response to its Consultation Paper this month having been delayed last month due to the failed prorogation of Parliament to try to get the Brexit deal over the line by 31st October.

However due to the calling of the General Election and as a result the further prorogation of Parliament, the commission has still not been able to formally submit its paper to government.

So as before, watch this space. Once known, I will post them here as understandably it is remaining absolutely tight lipped with its recommendations.

 

Who said life was dead in the enfranchisement market?

There is indeed life ahead despite the continuing ‘B word’ impasse affecting the London property market as Shingles looks forward to negotiating 3 completely different collective enfranchisement claims for his clients in the months ahead.

The first is a fabulous historic Georgian former coach house with stabling in the heart of Belgravia converted into 4 flats,

The second a former ink factory of 25 amazing loft style flats with garaging on the edge of the City,

The third a ‘Brutalist’ rigorous and unyielding architecture late 1950’s building of 7 flats flanking Georgian, Victorian and Edwardian buildings in arguably London’s finest address where the ensemble of Trad and Modern works well together.

Just watch this space.