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Library Leasehold Reform (Notices) (Amendment) (Wales) Regulations 2002 (S.I. No. 3187 (W.303)).

Leasehold Reform (Notices) (Amendment) (Wales) Regulations 2002 (S.I. No. 3187 (W.303)).

Leasehold Reform (Notices) (Amendment) (Wales) Regulations 2002 (S.I. No. 3187 (W.303)).

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LEX-FAOC035300
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These Regulations provide new forms of notices to be used by tenants applying for enfranchisement and extension of long leaseholds under the Leasehold Reform Act 1967. Forms which are substantially to the same effect as those prescribed may also be used. Most of the amendments are consequential on those made to the Leasehold Reform Act 1967 by Chapter 4 of Part 2 of the Commonhold and Leasehold Reform Act 2002 which introduced the following changes to the qualifying rules for enfranchisement and lease extension:(i) abolition of the residence test, subject to certain exceptions; (ii) a new requirement that the tenant must have held the lease for two years; (iii) abolition of the low rent test; (iv) the right to buy the freehold within the term of a lease extension; (v) new rights and qualifying rules for personal representatives of a deceased leaseholder.

Amends: Leasehold Reform (Notices) Regulations 1997 (S.I. No. 640 of 1997). (1997-03-05)

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