Commonhold and Leasehold Reform Act 2002 Explanatory Notes

Purchase price

Section 145: Tenant's share of marriage value

241.Section 145 provides that, where relevant, marriage value on a house should be split equally between leaseholder and landlord.

Section 146: Disregard of marriage value in case of very long leases

242.Section 146 provides that marriage value should be disregarded where the lease on a house has more than 80 years left to expiry.

Section 147: Purchase price for enfranchisement during lease extension

243.Section 147 provides that, where a leaseholder gains the right to enfranchise by virtue of section 142 above, he pays a price that includes a share of marriage value, where relevant.

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