Issue details

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: cflynn2@lambeth.gov.uk.

Decisions