Enfranchisement of houses held on a lease by Lambeth Council
Decision Maker: Cabinet Member for Housing
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The purpose of this report is to highlight the
short unexpired terms left on the leases of 22 houses in the
Council’s ownership and to suggest ways that these properties
can be retained on a long term basis, using the provisions of the
1967 Leasehold Reform Act.
Retaining these properties could save the Council considerable rehousing costs in the near future and dilapidation costs to freeholders. It would also provide the Council with valuable long term assets which could be used for refurbishment or sale for maximum economic advantage. The retention of such properties, by increasing available stock, would also aid the Director of Housing with long term planning. Costs of acquiring the properties are given, as are the vacant possession values.
1. To begin acquiring the freeholds of 22 houses held by the Council on a lease by lease basis as expiry of the lease term approaches, at an estimated cost of £3.94m plus an additional £197,000 for associated legal costs.
Publication date: 10/01/2020
Date of decision: 20/01/2020
Effective from: 28/01/2020