Consultation outcome

Rentcharges: a technical discussion paper

From:
Ministry of Housing, Communities & Local Government
Published
21 October 2015

Applies to England

This consultation has concluded

Detail of outcome

This consultation has concluded and a new calculation formula was put in place for the redemption of rent charges. See the complete statutory instrument.

Original consultation

Summary

Consultation on a replacement rate to be used in the calculation formula for rentcharge redemptions.

This consultation ran from
to

Consultation description

The Consolidated Stock named in the formula for calculating rentcharges and the value of minor superior tenancies and leasehold interests (for the purposes of lease renewals and enfranchisement) is no longer in use, so we need to put a workable formula in place

This paper seeks views on 3 issues:

  • a replacement rate or instrument for the 2½% Consolidated Stock, to be used in the calculation formula for rentcharge redemptions

  • calculating minor superior leasehold interests for enfranchisement and minor intermediate leasehold interests for lease renewals and enfranchisement

  • the future role of the Secretary of State in the process of redeeming rentcharges

Documents

Rentcharges Act 1977: a technical discussion paper

Ref: ISBN 978-1-4098-4702-1

PDF, 267 KB, 12 pages

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Published 21 October 2015