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Leasehold and Freehold Reform Act 2024
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- UK Public General Acts
- 2024 c. 22
- Schedule 4
- Part 6
- Paragraph 31
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- Prospective- Amendment
- 24/07/2024
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Point in time view as at 24/07/2024.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 31.
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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)
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