Landlord and Tenant Act 1987
About this deal
An Act to confer on tenants of flats rights with respect to the acquisition by them of their landlord's reversion; to make provision for the appointment of a manager at the instance of such tenants and for the variation of long leases held by such tenants; to make further provision with respect to service charges payable by tenants of flats and other dwellings; to make other provision with respect to such tenants; to make further provision with respect to the permissible purposes and objects of registered housing associations as regards the management of leasehold property; and for connected purposes. However, considering the LTA 1987 from the outset when purchasing new properties or development land may avoid potential problems on a future sale. In our 2023 Yule Blog, we summarised the developments in the pipeline for tenants in 2024, including the Leasehold and Freehold Reform Bill.
The report was extremely thorough, and I was able to ask follow-ups to the surveyor which I received de His continued support, and regular updates were well appreciated ; Ben made sure he stays on top of matters, and led the way to a successful transaction’. As a result, the county court held that the tenants were entitled to purchase the freehold on the same terms as the second transfer – for no consideration. Following service of the notice, the tenants have two months to decide if they want to take the lease. The Act only applies to immediate landlords and so if there is an intervening lease sitting above the residential elements of the building, you will be free to deal with the rest as you see fit.Steve Hobbs provided an excellent service, and was very clear and helpful in explaining the process and answering my questions.
Had Peter Barry Surveyors come in to undertake structural survey on house when noticed cracks appearing over window following period of dry weather.
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