Section 42 Notice Form

In the leaseholder s section 42 notice they confirm the premium they wish to pay the freeholder to extend their lease by the statutory 90 years with a peppercorn ground rent no ground rent.

Section 42 notice form. A section 42 notice is a document served by a tenant of a long 21 years lease on the landlord setting out the proposed terms of a new lease. Once your surveyor has carried out a valuation of your flat they will need to send the valuation on to your solicitor. In consideration for this extension to the term of the lease the landlord is entitled to charge a premium.

Provided the tenant meets the elibibility criteria they have a legal right to renew their lease extend the number of years remaining. Your full name and the address of the flat. In connection with the property known as leasehold address.

You can serve your own section 42 notice however most people instruct a solicitor to do it for them. The care act 2014 section 42 requires that each local authority must make enquiries or cause others to do so if it believes an adult is experiencing or is at risk of abuse or neglect. In addition to an entitlement to a 90 year lease extension the ground rent is reduced to a peppercorn.

If you landlord is a company the notice must be served at the registered office. Enough information about the flat to identify the property the application relates to. The oyez form has notes printed on the back of the notice which are for the benefit of the tenant and tell the tenant what information should be included.

This notice is for an extension to the term of a lease under the leasehold reform housing and urban development act 1993 section 42 the act define the leasehold property start the notice by stating the full address of the leasehold property. I have been instructed to prepare a section 42 notice under the 1993 enfranchisement act. Under section 42 3 of the 1993 act the tenant s notice must contain the following.

A section 42 notice also known as the tenant s notice is served on the landlord freeholder which starts the statutory lease extension process. Next your solicitor will serve a section 42 notice on your landlord freeholder advising the premium you are willing to pay for the lease extension. It is given pursuant to the leasehold reform housing and urban development act 1993 and entitles a leaseholder to.