Tenants gain a collective voice
Greenish, D.
Tenants gain a collective voice - 2002 - Estates Gazette (0228) 13 July 2002, 120-122(2) .
The first of two articles examines the changes brought about by the Commonhold and Leasehold Reform Act 2002. Explains that the government wants to make it easier for leaseholders to buy their freeholds. This will be achieved by the abolition of the residency test and low-rent test. With the right to enfranchise collectively extending to buildings that have up to 25% of their parts as non-residential instead of the present 10% there will be a rise of additional part-commercial buildings within the enfranchisement net. There will also be changes to valuation proceedures with a fixed valuation date as at the date of a claim, and the share of marriage value be set at 50:50.
COMMONHOLD AND LEASEHOLD REFORM ACT 2002
LEASEHOLDERS
FREEHOLDS
ENFRANCHISEMENT
HOUSING ACT 1996
HOUSING AND URBAN DEVELOPMENT ACT 1993
VALUATION DATE
MARRIAGE VALUE
Tenants gain a collective voice - 2002 - Estates Gazette (0228) 13 July 2002, 120-122(2) .
The first of two articles examines the changes brought about by the Commonhold and Leasehold Reform Act 2002. Explains that the government wants to make it easier for leaseholders to buy their freeholds. This will be achieved by the abolition of the residency test and low-rent test. With the right to enfranchise collectively extending to buildings that have up to 25% of their parts as non-residential instead of the present 10% there will be a rise of additional part-commercial buildings within the enfranchisement net. There will also be changes to valuation proceedures with a fixed valuation date as at the date of a claim, and the share of marriage value be set at 50:50.
COMMONHOLD AND LEASEHOLD REFORM ACT 2002
LEASEHOLDERS
FREEHOLDS
ENFRANCHISEMENT
HOUSING ACT 1996
HOUSING AND URBAN DEVELOPMENT ACT 1993
VALUATION DATE
MARRIAGE VALUE