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Old 21-02-2013, 09:30 PM   #44
sucheta19
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Join Date: Jan 2013
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Quote:
Originally Posted by silent one View Post

So what is this old law that threatens the very big landlords ?
I used Compulsory Acquisition under the Landlord and Tenant Act 1987. Where there is a Management Order against the landlord (due to poor management) for more than 2 years in favour of the tenants and there is no liability for any breaches of lease or tortuous actions, then the value of the freehold at market value is nil (as no-one would want to purchase a property with such an order). Lord Hoffman made a speech confirming this.

The Leasehold Advisory Service gave us alot of valuable advice.
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