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Leasehold and Freehold Reform Act 2024

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This is the original version (as it was originally enacted).

Introduction

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24(1)This Part of this Schedule sets out the standard valuation method.

(2)The standard valuation method consists of steps 1 to 3 (see paragraph 25, paragraph 27 or 28, and paragraph 29).

(3)There are two versions of step 2—

(a)the version in paragraph 27 applies to freehold enfranchisements;

(b)the version in paragraph 28 applies to lease extensions.

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