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amendment to the leasehold reform act 1993

Comment 19th July 2010

Dear Sirs,

The leasehold reform act 1993 was intended to enfranchise leaseholders by
extending to them, amongst other things, the right to purchase a share of the
freehold of the premises of which they were leasholders, provided they met
certain criteria.

It was a good idea, but is working against the interests of many leaseholders
simply because they do not have an absolute right to join in the enfranchisement
process.

As things are, a simple majority of leasholders are necessary to commence
proceedings leading towards enfranchisement, but that majority can, if they
wish, block other entitled leaseholders fram taking advantage of a law they were
all intended to benefit from.

Please consider amending the act, as soon as possible, so that leaseholders may
not be excluded should they wish to participate, and in the event that an
enfranchisement has already taken place that they are entitled as a right to
demand participation in the enfranchisement that has taken place. Suitable
arrangements will have to be worked out to financially compensate or allow for
those leaseholders who may have already extended their lease by an additional
term of 90 years or more, and there may have to be certain exclusions to cater
for persons not entitled to become a director of a company because excluded.

There are many people in position to benefit from the proposed change outlined
above and who would welcome a favourable change.

Thanking you in anticipation.

Yours faithfully

C R Cowell

Why does this matter?

There are many people in position to benefit from the proposed change outlined
above and who would welcome a favourable change.

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