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Leasehold Reform Act 1967
The Leasehold Reform Act 1967c 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 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. Background English law and lending eschews the concept of flying freehold entire properties, such as flats. The solution w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Law
A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. ''Hypothec'' is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien. A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. The word is a Law French term meaning "dead pledge," originally only referring to the Welsh mortgage (''see below''), but in the later Middle Ages was applied to all gages and reinterpreted by folk etymology to mean that the pledge ends (dies) either when the obligation is f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Director Of Buildings And Lands V Shun Fung Ironworks Ltd
Director may refer to: Literature * ''Director'' (magazine), a British magazine * ''The Director'' (novel), a 1971 novel by Henry Denker * ''The Director'' (play), a 2000 play by Nancy Hasty Music * Director (band), an Irish rock band * ''Director'' (Avant album) (2006) * ''Director'' (Yonatan Gat album) Occupations and positions Arts and design * Animation director * Artistic director * Creative director * Design director * Film director * Music director * Music video director * Sports director * Television director * Theatre director Positions in other fields * Director (business), a senior level management position * Director (colonial), head of chartered company's colonial administration in a territory * Director (education), head of a university or other educational body * Company director * Cruise director * Executive director * Finance director or chief financial officer * Funeral director * Managing director * Non-executive director * Technical director * Tourname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compulsory Purchase
Compulsion may refer to: * Compulsive behavior, a psychological condition in which a person does a behavior compulsively, having an overwhelming feeling that they must do so. * Obsessive–compulsive disorder, a mental disorder characterized by intrusive thoughts that produce anxiety and by repetitive behaviors aimed at reducing that anxiety. Art and entertainment * ''Compulsion'' (Hutson novel), a 2002 horror novel by Shaun Hutson * ''Compulsion'' (Kellerman novel), an Alex Delaware novel by Jonathan Kellerman * ''Compulsion'' (Levin novel), a 1956 novel by Meyer Levin and a 1957 adapted play by Levin * ''Compulsion'' (1959 film), a 1959 film based on Levin's novel * ''Compulsion'' (2009 film), a 2009 United Kingdom television drama, inspired by the Jacobean tragedy ''The Changeling'' * ''Compulsion'', a play by Rinne Groff, which premiered at Berkeley Rep in 2010, about Meyer Levin * ''Compulsion'' (2013 film), a 2013 film directed by Egidio Coccimiglio * ''Compulsion'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonhold And Leasehold Reform Act 2002
The Commonhold and Leasehold Reform Act 2002 (c.15) is an Act of the Parliament of the United Kingdom. It introduced commonhold, a new way of owning land similar to the Australian strata title or the American condominium, into English and Welsh law. Part 1 deals with commonhold and part 2 deals with leasehold reform. Some supplementary material is covered in part 3. Commonholds were introduced to deal with the perceived unfairness of the existing leasehold system, and England and Wales being unique in not offering a legal option for ownership of common areas of shared buildings. Commonhold ownership has not become popular, and in 2018 the Law Commission launched a consultation into ways to expand usage of commonhold estates. See also *Leasehold estate *Leasehold Reform Act 1967 *Leasehold valuation tribunal References External linksRecords of Parliamentary debate relating to the Actfrom Hansard ''Hansard'' is the traditional name of the transcripts of parliamentary de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leasehold Valuation Tribunal
A leasehold valuation tribunal (LVT) was a statutory tribunal in England which determined various types of landlord and tenant dispute involving residential property in the private sector. An LVT consisted of a panel of three; one with a background in property law (generally a solicitor); one with a background in property valuation generally a qualified surveyor; and a layman, although some decisions of an LVT were decided by a single member. LVTs were non-departmental public bodies. The leasehold valuation tribunals were abolished under The Transfer of Tribunal Functions Order 2013 and their functions were transferred to the Property Chamber of the newly created First-tier Tribunal with effect from 1 July 2013. Jurisdiction Leasehold valuation tribunals had a number of jurisdictions including: * Determining the price to be paid by tenants compulsorily acquiring either the freehold of houses or lease extensions of flats or collectively exercising the right to purchase the freehol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central London
Central London is the innermost part of London, in England, spanning several boroughs. Over time, a number of definitions have been used to define the scope of Central London for statistics, urban planning and local government. Its characteristics are understood to include a high density built environment, high land values, an elevated daytime population and a concentration of regionally, nationally and internationally significant organisations and facilities. Road distances to London are traditionally measured from a central point at Charing Cross (in the City of Westminster), which is marked by the statue of King Charles I at the junction of the Strand, Whitehall and Cockspur Street, just south of Trafalgar Square. Characteristics Definitions London Plan The London Plan defines the 'Central Activities Zone' policy area, which comprises the City of London, most of Westminster and the inner parts of Camden, Islington, Hackney, Tower Hamlets, Southwark, Lambeth, Kensington ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
:Category:Privately Owned Estates In London
English landowners Property companies based in London Until recently the ownership interest referred to comprised generally a freehold interest in real estate let on long leases. That is to say reversionary interests in land and buildings, with the right before expiry of the leases to charge annual ground rent and to refuse any alterations to the use of the land and structure and appearance of the buildings. The passing of the w:Leasehold Reform Act 1967 severely restricted the power of estates to retain freehold titles indefinitely, and allowed the leaseholders (on meeting various specified conditions) to compulsorily purchase the freehold interest, at a (heavily-discounted) price fixed by a formula within the legislation. After 1967 the form of ownership of real estate owned by estates changed to reflect the effect of the Leasehold Reform Act 1967, meaning that estates now avoid granting long-leases liable to compulsory purchase, unless forced to renew a long-lease under oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonhold
Commonhold is a system of property ownership in England and Wales. It involves the indefinite freehold tenure of part of a multi-occupancy building (typically a flat) with shared ownership of and responsibility for common areas and services. It has features of the strata title and the condominium systems, which exist in Australia and the United States respectively. It was introduced by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and was the first new type of legal estate to be introduced in English law since 1925. An important difference between commonholds and leaseholds (leases) is that commonholds do not depreciate towards the end of their term (''term of years'' or in extraneous documents sometimes ''existence''). In the years since the 2002 Act became law, only a handful of commonholds have been registered, whilst hundreds of thousands of long leases have been granted during the same period. As of 3 June 2009, there were 12 commonhold resident ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landlord And Tenant
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property. Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given length of time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and thereafter held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) on a periodic basis such as weekly or monthly. Terminology and types of leasehold vary from country to country. Sometimes, but not always, a residential tenancy under a lease agreement is colloquially known as renting. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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