LRHUDA 1993: agreement to assign the benefit of a lease extension claim served before exchange | Practical Law

LRHUDA 1993: agreement to assign the benefit of a lease extension claim served before exchange | Practical Law

This standard document contains wording to be included in a contract for the sale of a flat, to provide for the assignment of the benefit of a claim for a new lease under the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993), on completion of the sale.

LRHUDA 1993: agreement to assign the benefit of a lease extension claim served before exchange

Practical Law UK Standard Document w-017-4482 (Approx. 22 pages)

LRHUDA 1993: agreement to assign the benefit of a lease extension claim served before exchange

Maintained, England, Wales
This standard document contains wording to be included in a contract for the sale of a flat, to provide for the assignment of the benefit of a claim for a new lease under the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993), on completion of the sale.
The wording assumes that the seller served the notice of claim before exchange of contracts.
For alternative contract wording, for use where a seller of a flat agrees in the contract to make a claim for a new lease between exchange and completion, see Standard document, LRHUDA 1993: agreement to serve and assign the benefit of a lease extension claim.