Text for Report on Title
ROT: Lease Extension Previously Granted Outside the 1993 Act
- Change date
- 19/07/2022
- Word count
- 320
- Deployment measure
- 9/10
Rationale
This suggested wording outlines to clients the legal issues concerning purchasing a property that has previously been extended outside Leasehold Reform Housing and Urban Development Act 1993. Wording such as this should be considered and adapted particularly in light of the new P2 Handbook requirements that followed the introduction of the LRA
The lease for the property has previously been extended. The remaining number of years is acceptable. Nevertheless, it would appear that the extension took place pursuant to voluntary negotiations with
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