Royal Borough of Kensington & Chelsea
Our client, the Royal Borough of Kensington and Chelsea, owns a portfolio of approximately 9,000 flats and houses within the borough which are let to a mix of secure tenants and to lessees who have acquired leases under the Right-to-Buy legislation.
Qualifying lessees are entitled to acquire a statutory lease extension of 90 years under the Leasehold Reform Housing and Urban Development Act 1993 (as amended), and some are entitled to acquire the freehold interests in their properties. Cluttons advises the Royal Borough on the level of premiums to be charged for the lease extensions and the prices payable for freehold interests.
Expert witness service is also available when agreement on price cannot be agreed with the lessee’s valuer and the matter has to be referred to the Leasehold Valuation Tribunal or the Lands Tribunal.
Cluttons advised the Royal Borough in the case of 9 Cornwall Crescent London Ltd v Royal Borough of Kensington & Chelsea, a landmark case which went to the Court of Appeal and established principles relating to landlords’ counter-notices under the 1993 Act.
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