The Law Commission is seeking views on provisional proposals for a new, single enfranchisement regime designed to benefit leaseholders of both houses and flats. The proposed reforms will focus on buying a freehold and extending a lease.
The Commission has now launched a consultation paper with four main categories of potential reform:
1) What should the enfranchisement rights be?
2) Who should be entitled to exercise enfranchisement rights?
3) How should enfranchisement rights be exercised?
4) What should it cost to enfranchise (notably the question of valuation premiums)?
Law Commission representatives will be holding the following regional information events:
Cardiff, 26 November 2018, 12.30-14.30
(offices of Eversheds Sutherland, 1 Callaghan Square, Cardiff CF10 5BT)
Southampton, 30 November 2018, 12:30-14:30
offices of Womble Bond Dickinson, 39-49 Commercial Road, Southampton SO15 1AG
Birmingham, 10 December 2018, 15.00-17.00
(Hotel du Vin, Church Street, Birmingham B3 2NR)
We encourage all members with an interest in the topics covered to respond to the consultation paper.
The closing date for responses is 7 January 2019. If you would like your views to be considered by the Conveyancing and Land Law Committee for the Law Society’s response, please email Property@LawSociety.org.uk by 5 December 2018.