Leasehold Reform Act 1967
| Jurisdiction | UK Non-devolved |
| Citation | 1967 c. 88 |
| Year | 1967 |
Leasehold Reform Act 1967
1967 CHAPTER 88
An Act to enable tenants of houses held on long leases at low rents to acquire the freehold or an extended lease; to apply the Rent Acts to premises held on long leases at a rackrent, and to bring the operation of the Landlord and Tenant Act 1954 into conformity with the Rent Acts as so amended; to make other changes in the law in relation to premises held on long leases, including amendments of the Places of Worship (Enfranchisement) Act 1920; and for purposes connected therewith.
[27th October 1967]
Modifications etc. (not altering text)
C1
Act modified by S.I. 1990/776, arts. 2(2), 5(2)(e)
Act amended (1.4.1996) by S.I. 1996/593, reg. 2, Sch. 1
Act: certain functions transferred (1.7.1999) by S.I. 1999/672, art. 2, Sch. 1
Commencement Information
I1
Act partly in force at Royal Assent see s. 41(4)(5).
Modifications etc. (not altering text)
C2
Pt. I (ss. 1–37) excluded by Housing Act 1985 (c. 68, SIF 61), ss. 172, 173
C3
Pt. I (ss. 1–37) extended by Housing Act 1985 (c. 68, SIF 61), s. 174
Pt. I (ss. 1-37) modified (1.4.1997) by 1985 c. 68, s. 174 (as inserted (1.4.1997) by S.I. 1997/619, reg. 2(1), Sch. 1 para. 29)
C4
Pt. I extended by Land Compensation Act 1973 (c. 26), s. 12(1)
(1)
This Part of this Act shall have effect to confer on a tenant of a leasehold house
F1
. . . a right to acquire on fair terms the freehold or an extended lease of the house and premises where—
(a)
F2
his tenancy is a long tenancy
F3
at a low rent
and,—
(i)
if the tenancy was entered into before 1st April 1990
F4
, or on or after 1st April 1990 in pursuance of a contract made before that date, and the house and premises had a rateable value at the date of commencement of the tenancy or else at any time before 1st April 1990,
subject to subsections (5) and (6) below, the rateable value of the house and premises on the appropriate day was not more than £200 or, if it is in Greater London, than £400; and
(ii)
if the tenancy
F4
does not fall within sub-paragraph (i) above,
on the date the contract for the grant of the tenancy was made or, if there was no such contract, on the date the tenancy was entered into R did not exceed £25,000 under the formula—
where—
P is the premium payable as a condition of the grant of the tenancy (and includes a payment of money’s worth) or, where no premium is so payable, zero,
I is 0.06, and
T is the term, expressed in years, granted by the tenancy (disregarding any right to terminate the tenancy before the end of the term or to extend the tenancy);
(aa)
F5
in the case of a right to acquire an extended lease, his long tenancy is a tenancy at a low rent;
F6
...
(b)
F6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and to confer the like right in the other cases for which provision is made in this Part of this...
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