23 Determination of price for leasehold enfranchisement.E+W
(1)In section 9(1A) of the M1Leasehold Reform Act 1967 (determination of price payable for enfranchisement of higher value houses), in paragraph (a) (assumption that vendor is selling subject to existing tenancy) after “no right to acquire the freehold” insert “or an extended lease and, where the tenancy has been extended under this Part of this Act, that the tenancy will terminate on the original term date.”.
(2)In section 23(5) of the Leasehold Reform Act 1967 (provisions as to tenancy granted in satisfaction of tenant’s rights under Part I), in paragraph (b) (provisions which apply as if the tenancy were granted by way of extension) at the beginning insert “section 9(1) and (1A) above,”.
(3)The above amendments do not apply—
(a)where the price for enfranchisement has been determined, by agreement or otherwise, before the commencement of this section; or
(b)where the notice under section 8 of the Leasehold Reform Act 1967 (notice of desire to have the freehold) was given before the passing of this Act; or
(c)where notice under section 14 of that Act (notice of desire to have extended lease) was given before 5th March 1986.
Marginal Citations