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Leasehold Valuations; security of tenure; extended lease.

Type of Case: Lease Extension
Case Ref: .
Applicant: .
Court/Appeal: Select
Act: Other
Lease Length: 0-10 years
Relativity: 0-20%

Case summary

The government is consulting on two technical changes to leasehold law. The consultation paper is available online, with responses required by September 12, 2011.

Security of tenure

Where a long lease comes to an end by effluxion of time then, subject to certain conditions and exclusions, the former leaseholder is entitled to remain in occupation as an assured tenant: Sch.10, Local Government and Housing Act 1989. One such condition is that the rental value does not exceed £25,000. The government proposes to increase the £25,000 limit in the 1989 Act to £100,000, so as to bring it in line with the 1988 Act.

Extended lease under the Leasehold Reform Act 1967

Tenants of leasehold houses are entitled to purchase an extended lease if, inter alia, the rental value when the lease was granted was less than £25,000. The government proposes increasing this to £100,000.

Community and Local Government, June 2011, http://www.communities.gov.uk/publications/housing/leaseholdvaluationlimits

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