To ask the Secretary of State for Housing, Communities and Local Government, when she plans to consult on the valuation rates used to calculate the cost of enfranchisement premiums.
The 2024 Leasehold and Freehold Reform Act sets the method for calculating the price of a statutory lease extension or freehold acquisition, known as the valuation process. The Bill removes the requirement for marriage value to be paid, caps the treatment...
Leasehold: Valuation