Most popular advice guides

Service charges and other issues

Service charges, administration charges, ground rent, recognised tenants associations and forfeiture. For a brief summary...

Leasehold Extension – Getting Started

The right to extend the lease of a flat under the Leasehold Reform Housing and...

Living in Leasehold Flats – A guide to how it works

The nature and typical rights and obligations that relate to the ownership of a leasehold...

Section 20 Consultation for Private Landlords, Resident Management Companies and their Agents

Consultation for qualifying works to a building and qualifying long-term agreements. Purpose of this booklet...

Leasehold Houses – Buying the freehold – Qualification and procedure

Qualification requirements for a tenant to buy the freehold of their leasehold house and outline...

Right to Manage

The right for leaseholders of a building containing flats to take over the management of...

Relativity

The relative value of a property held on an existing long lease compared to its freehold value. For example, Property A has 65 years remaining and based on the available evidence has a relative value of 80% (£86,400) when compared to its freehold value (£108,000). See this First-tier Tribunal decision for a further example.

In order to work out the marriage value payable during a lease extension or collective enfranchisement it is necessary to consider the value of the remaining years on the lease (its unextended value).

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.

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