We can provide valuations for lease extension, enfranchisement or collective enfranchisement for either lessors or lessees. The Leasehold Reform Act 1967 covers enfranchisement of houses and the Leasehold Reform, Housing & Urban Development Act 1993 as amended by the Commonhold & Leasehold Reform 2002 deals with lease extensions and collective enfranchisement of flats.
These are complex valuations and there have been a number of Lands Tribunal, Court of Appeal and House of Lords case over recent years with regard to some fundamental issues including Hope Value, Development Value, Deferment Rates and Relativity.
We work alongside solicitors in dealing with the various statutory notices under the Acts.
Please contact Tony How on 020 7637 1066 for further information.