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Leasehold and Freehold Reform Act 2024
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- UK Public General Acts
- 2024 c. 22
- Schedule 4
- Part 3
- Paragraph 10
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Point in time view as at 24/07/2024. This version of this provision is prospective.
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There are currently no known outstanding effects for the Leasehold and Freehold Reform Act 2024, Paragraph 10.
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Prospective
Leases already extended under the old law in the LRA 1967E+W
This section has no associated Explanatory Notes
10(1)This paragraph applies only to—
(a)the transfer of a freehold house under the LRA 1967, or
(b)the grant of an extended lease of a house under the LRA 1967.
(2)The standard valuation method is not compulsory for the property comprised in the current lease if that lease is a pre-commencement lease granted under section 14 of the LRA 1967.
(3)A lease granted under section 14 of the LRA 1967 is a “pre-commencement” lease unless it is granted in accordance with sections 14 and 15 of the LRA 1967 as amended by sections 33(1) and 34 of this Act (under which a lease will be extended by 990 years at a peppercorn rent on payment of a premium).
Commencement Information
I1Sch. 4 para. 10 not in force at Royal Assent, see s. 124(3)
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