Meaby & Co Publications

Under the Leasehold Reform Housing and Urban Development Act 1993 (as amended) tenants are granted the right to require their Landlord to grant them a new lease for a term of 90 years, plus the present unexpired term of that lease, all at a peppercorn rent.

Under the Leasehold Reform Housing and Urban Development Act 1993 (as amended) a qualifying majority of leaseholders can compel their landlord to sell the freehold to them

This guide is divided into two sections, as follows:-

1. a brief breakdown of the process from start to finish;

2. a more detailed guide including amongst other things basic information about matters affecting legal title, planning permission, building regulations etc.

This guide is intended to offer a clearer picture of the process that sellers and buyers can expect to follow during the course of their transaction.

According to Land Registry figures properties double in value every seven years. This is an average figure since 1975.