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The Council is the freehold owner of a block
of flats
at Sandfields Send. Flat 57a was originally sold 31
July 1989 under the provisions of the Right to Buy
for a term of 125 years from that date and at a
ground rent of £10. The current lessees wish to
extend the term of the lease to make it more
saleable on the open market. The lessees have
exercised their statutory rights under Leasehold
Reform Housing and Urban Development Act 1993
to require the grant of longer lease. Under the
legislation, the Council as the competent landlord, is
required to grant a new lease to the owner of the flat
for an additional term of 90 years on top of the
unexpired term of the lease, and on the same terms
as the existing lease, save that the annual ground
rent will be a peppercorn if demanded. The consideration for a new
lease is governed by the
legislation and determined by valuers. The lessee
will be required to pay all of the Council’s legal and
surveyors costs