Landlords could be £5bn poorer
Series: Estates Gazette ; (0319) 10 May 2003, 28(1)Publication details: 2003Subject(s): Summary: 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| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3918-14 (Browse shelf(Opens below)) | 1 | Available | 122275-1001 |
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