# Leasehold and Freehold Reform Act 2024, Paragraph 11: Business tenancies

Extent: E+W
Status: prospective

(1) This paragraph applies only to—
(a) the transfer of a freehold house under the LRA 1967, or
(b) the grant of an extended lease of a house under the LRA 1967.
(2) The standard valuation method is not compulsory for the property comprised in the current lease if that lease is a tenancy to which Part 2 of the Landlord and Tenant Act 1954 applies (see section 1(1ZC) of the LRA 1967).

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Source: https://www.legislation.gov.uk/ukpga/2024/22/schedule/4/paragraph/11 (the official version)
Page: https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-4/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.