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 »
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Another consequence of the proposed Leasehold Reform and Freehold Bill
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 »
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 »
Further thoughts on the proposed Leasehold and Freehold Reform Bill 2024.
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 »
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 »
Total savings for clients surpass £90m
Since setting up my eponymous company in July 2000,
Shingles betters competitor valuer’s target settlement premium by over 25% average
It was pleasing to settle a collective freehold claim
Final ground rent payable pa – £844,424,930,131,968,000 please
I was asked recently by a solicitor contact to give an indication of the likely premium
When is a garden not a garden?
I was asked to advise on the potential purchase of a ground floor flat that looked directly onto a very private lawned communal garden through floor to ceiling picture windows and with direct access via a recently constructed decked bridge. The other lessees gain access via the basement common parts and a rear door leading… Read more »
Shingles reduces rent review demand by a third.
In the 1980’s, the large Central London landed estates became far more savvy