Point in time view as at 24/07/2024. This version of this provision is prospective.
There are currently no known outstanding effects for the Leasehold and Freehold Reform Act 2024, Paragraph 10.
Prospective
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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