The following Property guidance note provides comprehensive and up to date legal information covering:
Any lawful subtenant may acquire the freehold or an extended lease of a house under Leasehold Reform Act 1967 (LRA 1967), Sch 1, regardless of the number of intermediate tenancies (including reversionary tenancies) which lie between the subtenant and the freeholder, by serving notice of claim on any person who has a superior interest to his own in the house and premises and a copy of that notice on any other person whom he knows or believes to have a superior interest. However, a subtenant who already owns the freehold cannot invoke the Act to acquire an intermediate tenancy.
The acquisition procedure which arises out of the service of the subtenant’s notice is conducted between the subtenant and the person who has a tenancy carrying an expectation of possession of 30 years or more (the reversioner). The reversioner acts on behalf of everyone who has a superior or reversionary interest to that of the subtenant, including anyone who cannot be found or whose identity cannot be ascertained. If more than one of those other landlords qualifies as the reversioner, preference is given to the person who has the earlier expectation of possession. In the absence of any qualifying person with a leasehold interest, the freehold owner will be the reversioner. The court may appoint some other person to be the reversioner or
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234