Leasehold Reform Act 1967

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The Leasehold Reform Act 1967 (c 88) is an Act of Parliament of the United Kingdom, which concerns English land law and compulsory purchase. A government bill, the law remains largely intact. It was passed by both Houses and had been tabled by ministers of the Labour government, 1964–1970.

Provisions and subsequent amendments[]

The Act grants the right to long leaseholders of houses let at low and moderately low rents to buy their homes compulsorily from their landlords at a fair price.

Initially the 1967 Act applied only to homes below these rateable values: £400 p.a. in London and £200 p.a. elsewhere (thus targeting low-to-middle income homeowners); the reform coincided with lower wages becoming less of a bar to access to loans from major mortgage lenders.

The Act has been amended many times to expand these rights, to homeowners having higher rateable values.^{[citation needed]}

Background[]

English law and lending eschews the concept of flying freehold entire properties, such as flats. The solution was to set up a standard model of any flat ownership based on landlord and tenant but which is not seen in much of Europe where a more commonhold system of ownership is common, as long-term flat owners wish to gain a greater than 'transient' or 'time-barred' interest in their home. Such long leases were already in use in housing, as before purpose-built apartments were built, an aristocratic or other large capitalist landlord could co-steer the successful, competitive development of their urban estates; these took the initial form of "building leases" then leases to allow the flexibility of the landlord deciding whether to create apartments, extensions, shorter-term lettings all of which liberties have been tempered by law or by secured lending codes to enhance the status of long-term lessees. The dozen or so private great collections of reversions continue the landlord-tenant relation with piecemeal reductions, across the Central London grander residential zones, in the leasehold valuation tribunals referred to as "Prime Central London".

See also[]

• Commonhold and Leasehold Reform Act 2002
• Compulsory purchase
• [1995] UKPC 7
• English land law
• Re Ellenborough Park [1955] EWCA Civ 4, [1956] Ch 131

References[]

• K Gray and SF Gray, Land Law (7th edn 2011) Ch 11
• K Gray and S Gray, ‘Private Property and Public Propriety’, in J McLean (ed), Property and the Constitution (Hart 1999) 36-7

External links[]

• The Act as in force today