360. Individual acquisition of a long lease.
The tenant has the right to be granted a new lease at a peppercorn rent to expire 90 years after expiry of the existing lease, and a premium is payable for the grant1. This right is available irrespective of the rights to collective enfranchisement2.
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The tenant has the right to be granted a new lease at a peppercorn rent to expire 90 years after expiry of the existing lease, and a premium is payable for the grant1. This right is available irrespective of the rights to collective enfranchisement2.
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