Decision details

Leasehold Reform Housing and Urban Development Act 1993 – application to extend the lease term of 26a Thornton Close Guildford GU2 9XE

Decision Maker: Assistant Director: Housing Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The Council is the freehold owner of a block of flats at Thornton Close. Flat 26a was originally sold 9 May 1988 under the provisions of the Right to Buy for a term of 125 years at a ground rent of £10. The current lessee wishes to extend the term of the lease to make it more saleable on the open market. The lessee has exercised their statutory rights under Leasehold Reform Housing and Urban Development Act 1993 to require the grant of longer lease. Under the legislation, the Council as the competent landlord, is required to grant a new lease to the owner of the flat for an additional term of 90 years on top of the unexpired term of the lease, and on the same terms as the existing lease, save that the annual ground rent will be a peppercorn if demanded. The consideration for a new lease is governed by the legislation and determined by valuers. The lessee will be required to pay all of the Council’s legal and surveyors costs

Reasons for the decision:


To enable the lessee to sell on the open market.

Alternative options considered:


None

Publication date: 22/05/2023

Date of decision: 16/05/2023