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The Leasehold Reform Act 1967 (“LRA”) allows tenants of certain long leases of houses the right to acquire the freehold or be granted a lease extension. The LRA defines a house as “any building designed...
“No consensus” following consultation on apportionment of CRC costs between landlords and tenants
On 17 December 2009, a consultation was launched by a Working Party of various real estate industry bodies to explore whether a cross-industry consensus could be achieved on the apportionment of costs...
New model leases for shared ownership properties
A new model shared ownership lease aimed at creating more certainty for lenders and more clarity for purchasers of New Build HomeBuy property has been created by the Homes and Communities Agency (HCA).
The...