Leashold And Freehold Flashcards
Act that introduced leasehold and freehold
Law of Property Act 1925
Case law lease vs license
Street vs Mountford 1985
What was Leashold Reform Act 1967
Introduced stat right for leaseholders of houses to buy or extend their lease
Extension 50 years to lease
Landlord and Tenant Act 1985 s20?
Regulated device charges - if over £250 to any leaseholder then the landlord must consult the leaseholders
Landlord and Tenant Act 1987 S5
Right to first refusal
Leasehold Reform Housing and Urban Development Act 1993 - what did it do
Gave flat leaseholders stat right to extend or buy their freehold
Term and reversion with marriage value
Stat extension is 90 years at peppercorn
Leasehold Reform Ground Rend Act 2022
New long leases must be peppercorn
What introduced Collective Enfranchisement
Leasehold Reform Housing And Urban Development Act 1993
What introduced right to manage
Commonhold and Leasehold Reform Act 2022
LAFRA key proposals
Abolish marriage value
Set capitalisation and deferment rates
Stat lease extensions from 90 to 990 years
Collective enfranchisement - 50% non resi, freeholder covers own fees
Freeholder covers own fees
More transparent service charge - set process
Remove 2 year period before extending lease
Freeholders/block managers to sign up to redress scheme
Collective Enfranchisement & Right to Manage qualifications
Max 25% non resi in the block
At least 2 flats
2/3 leaseholders must qualify (initial lease granted was over 21 years)
50% of leaseholders must participate
Deferment case law
Sportelli 2007 - 5% flats, 4.75% houses
Zuckerman 2010
