Enfranchisement of houses held on a lease by Lambeth Council
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.
Decision type: Key
Reason Key: 2. Financial;
Decision status: Recommendations Approved
Wards affected: Brixton Hill; Coldharbour; Herne Hill; Streatham Hill; Streatham South;
Notice of proposed decision first published: 09/12/2019
Decision due: 20 Jan 2020 by Cabinet Member for Housing
Lead director: Strategic Director: Resident Services
Department: Resident Services
Contact: Chris Flynn, Assistant Director, Homeownership and Rents Email: email@example.com.