Search Legislation

Leasehold and Freehold Reform Act 2024

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 31

 Help about opening options

Alternative versions:

Status:

Point in time view as at 24/07/2024. This version of this provision is prospective. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Leasehold and Freehold Reform Act 2024, Paragraph 31. Help about Changes to Legislation

Prospective

Freehold enfranchisements: the “eligible persons” and “qualifying transactions”E+W

This section has no associated Explanatory Notes

31(1)A person is an “eligible person” if the whole or a part of a relevant interest of the person is acquired on a freehold enfranchisement.

(2)The eligible person’s “qualifying transaction” is the acquisition of the whole or the part of the person’s relevant interest.

(3)But if—

(a)an eligible person’s relevant interest is a freehold, and

(b)that person is granted a lease in accordance with section 36 of the LRHUDA 1993,

that person’s qualifying transaction is the acquisition of the freehold together with the grant of that lease.

Commencement Information

I1Sch. 4 para. 31 not in force at Royal Assent, see s. 124(3)

Back to top

Options/Help