Landlords could be £5bn poorer
Landlords could be £5bn poorer
- 2003
- Estates Gazette (0319) 10 May 2003, 28(1) .
Research by FPDSavills suggests the Leasehold and Commonhold Reform Act 2002 could slash the cost of extending long leases with 80 years left to run by up to 80%. "Leasehold reform: the impact on prime central London" predicts that income from lease adjustments will fall dramatically, costing the big London estates between £3bn and £5bn over the next 10 years. Table showing cost savings for leaseholders. Report at www.fpdsavills.co.uk/research.asp?srch_text=leasehold+reform
COMMONHOLD AND LEASEHOLD REFORM ACT 2002
LEASE EXTENSION
CENTRAL LONDON
Research by FPDSavills suggests the Leasehold and Commonhold Reform Act 2002 could slash the cost of extending long leases with 80 years left to run by up to 80%. "Leasehold reform: the impact on prime central London" predicts that income from lease adjustments will fall dramatically, costing the big London estates between £3bn and £5bn over the next 10 years. Table showing cost savings for leaseholders. Report at www.fpdsavills.co.uk/research.asp?srch_text=leasehold+reform
COMMONHOLD AND LEASEHOLD REFORM ACT 2002
LEASE EXTENSION
CENTRAL LONDON