Q&As
In collective enfranchisement, can an intermediate landlord increase the premium stated in the counter notice under section 21 of the Leasehold Reform, Housing and Urban Development Act 1993?
The reversioner to whom the initial notice is addressed is given a wide power to act on behalf of other freeholders and/or intermediate landlords (defined in the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) as relevant landlords). In particular, any notice which is given to the reversioner is taken to be given or received by them on behalf of the other relevant landlords. The reversioner is able to thereafter act on behalf of the relevant landlords and negotiate and agree the terms of acquisition, execute any conveyance to transfer the interest to the nominee purchaser and bring or defend any proceedings following the service of the initial notice.
However, at any time after the service of the reversioner’s counter-notice the other landlords may give notice to the nominated purchaser that they wish to be dealt with directly and to be separately represented in any legal proceedings.
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