Decision Maker: Deputy Leader of the Council and Corporate Finance & Governance Portfolio Holder, Housing Portfolio Holder
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To obtain the approval of the Portfolio Holder
for Corporate Finance and Governance and the Portfolio Holder for
Housing to introduce a policy facilitating the extension of leases
for the Council’s Shared Equity Scheme lessees, based upon
the statutory scheme that exists in the Leasehold Reform Act 1967
(the LRA 1967).
The Council’s Shared Equity Scheme,
introduced in 1989, did not include any provision for lessees to
extend their leases and it was originally thought that the
provisions of the Leasehold Reform Act 1967 were not applicable to
this type of property.
However, it has now been established that this legislation does apply to these properties.
None. Not to introduce a policy and procedure
would not be in accordance with the provisions of the Leasehold
Reform Act 1967
Publication date: 06/04/2020
Date of decision: 05/03/2020
Effective from: 16/04/2020