# Leasehold and Freehold Reform Act 2024, Paragraph 24: Introduction

Extent: E+W
Status: prospective

(1) This Part of this Schedule sets out the standard valuation method.
(2) The standard valuation method consists of steps 1 to 3 (see paragraph 25, paragraph 27 or 28, and paragraph 29).
(3) There are two versions of step 2—
(a) the version in paragraph 27 applies to freehold enfranchisements;
(b) the version in paragraph 28 applies to lease extensions.

---
Source: https://www.legislation.gov.uk/ukpga/2024/22/schedule/4/paragraph/24 (the official version)
Page: https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-4/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.