Posted by Caroline Preist, Partner
Law Commission Valuation Report Proposals – will anything change?
The Law Commission has published its eagerly awaited proposals on their options for reforming the law on valuation in the acquisition of the freehold of leasehold properties and lease extensions.
The Law Commission was tasked with exploring options to reduce the cost of lease extensions and freehold purchases. This not only has legal implications but also political implications as by making the process cheaper for leaseholders, freeholders could lose out.