With property prices rising fast and more people looking to sell flats or houses with shorter leases or enhance their value, this is a good time for leaseholders to consider buying the freehold of their house or block or extending their leases.
However, the legislation is complex, and the valuation issues no less so. The process, for both landlord and leaseholder, can be time consuming, difficult and drawn out.
This webinar will be a mixture of recent developments in the sector and a refresher on some key principles and practical tips.
Participants will benefit from:
A guide through the statutory requirements whilst avoiding the potential pitfalls and traps that await the unwary landlord or tenant.
Who should participate:
Commercial property lawyers and legal executives, NQ / Assistant / Solicitor, Senior Solicitor
It will guide practitioners through:
- recent cases including Westbrook Dolphin Square (reasonableness of price quoted in notice), Merie Bin Mahfouz (leasebacks), Kosta (relativity), Cutter v Pry (what property can be included in collective claim) and Ninety Broomfield Road RTM Co Ltd (mulitiple buildings - Court of Appeal)
- the practical impact of the Leasehold Reform (Amendment) Act 2014
- valuation – relativity, what is it and recent challenges
- valuation – impact of non-participators joining collective claim
- collective claim – leasebacks to the freeholder
- protection of claims by registration
- intermediate landlords and separate representation
- completion and conveyance – how to deal with landlord’s mortgage
- costs disputes – procedure and tips for landlord’s costs claims under section 33 (lease extension) and section 60 (collective)
Speaker: Christopher Sykes is a solicitor, partner and co-founder of Sykes Anderson Perry.
Chris specialises in UK commercial and high value residential property, leasehold enfranchisement and commercial contracts. He is also a member of the Association of Leasehold Enfranchisement Practitioners (ALEP). He is the author of the Law Society’s book ‘ Leasehold Enfranchisement and the Right to Manage’ now in its third edition.