Q&As

A client has extended their lease under section 39 of the Leasehold Reform, Housing and Urban Development Act 1993 and then extended it again voluntarily, is the peppercorn rent protected?

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Produced in partnership with Chris Bryden of 4 King’s Bench Walk
Published on LexisPSL on 07/10/2020

The following Property Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:

  • A client has extended their lease under section 39 of the Leasehold Reform, Housing and Urban Development Act 1993 and then extended it again voluntarily, is the peppercorn rent protected?

Chapter II of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) gives the right to a qualifying tenant to acquire a new lease of the flat upon payment of a premium. By LRHUDA 1993, s 56, where notice in accordance with section 42 is given to the landlord, the landlord is bound to grant to the tenant, and the tenant is bound to accept, in substitution for the existing lease, and on payment of the premium, a new lease of the flat at a peppercorn rent for a term expiring 90 years after the term date of the existing lease. By LRHUDA 1993, s 57 the new lease shall be on the same terms as the existing lease, with such modification required in the specific circumsta

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