leasehold reform

The Leasehold Reform Acts 1967, 1993 and 2002 convey statutory rights for tenants who own long leases (originally for more than 21 years) to either a 90 years' lease extension or a freehold, depending upon certain situations.  There are some exceptions to the above, but many of the residency tests have now been abolished.  Freehold is the most desirable form of tenure, but a lease with over 90 years unexpired is very close to freehold in value.

A more specific introduction into the qualification, valuation and procedure can be found in each of the sub-sections marked Flats, Houses, and Blocks of Flats. For a rough estimate of the cost of a lease extension, please visit our Online Calculation.

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