Under Section 15 of the Equality Act 2010 , an employer's duty to make reasonable adjustments for an employee who is disabled is only triggered if the employer has actual knowledge or could reasonably be expected to know (has 'constructive knowledge') of...
Under the Leasehold Reform, Housing and Urban Development Act 1993, a qualifying tenant has the right to acquire a new lease with a term of years equivalent to the unexpired term of the existing lease and an additional 90 years at a peppercorn (i.e. nil) rent. The other terms will remain the same save for any modification to remedy a defect in the lease or update the lease for reasons of, for example, alterations made to the property. The qualifying tenant must pay a premium for the new lease.
Generally, if the term of the lease falls below 80 years, the premium payable by a tenant increases significantly and continues to increase as the term diminishes. A longer term is more attractive to buyers and lenders and a tenant may assign their right to a buyer when selling their property. The premium should be calculated by a specialist valuer. We would be happy to recommend and instruct a valuer on your behalf.
The process is started by the tenant serving a formal notice. This notice has a contractual effect and triggers a strict statutory timetable and liability for the landlord’s costs. Therefore, we advise you seek professional advice before starting the process.
For further information please contact:
Andy Finkel (Harrow) on 020 8422 5678