{
  "url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/section-37",
  "json_url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/section-37.json",
  "legislation": "ukpga/2024/22",
  "legislation_title": "Leasehold and Freehold Reform Act 2024",
  "legislation_url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024",
  "path": "section/37",
  "kind": "section",
  "number": "37",
  "heading": "Enfranchisement or extension: new method for calculating price payable",
  "text": "(1) Where this section applies to the acquisition of a freehold or grant of a lease, the price payable is—\n(a) the market value, and\n(b) the other compensation (if any).\n(2) Schedule 4 sets out—\n(a) how the market value is to be determined — see Parts 1 to 5 and 7 of the Schedule, and\n(b) how to divide the market value into shares (where loss is suffered by certain landlords other than the landlord transferring the freehold or granting the lease) — see Part 6 of the Schedule.\n(3) Schedule 5 sets out when other compensation is payable and how to determine its amount.\n(4) Schedule 6 contains interpretation provision applicable to Schedules 4 and 5.\n(5) Schedule 7 contains amendments of the LRA 1967 and the LRHUDA 1993 that are consequential on sections 35 and 36, this section and Schedules 4 to 6.\n(6) These are the provisions under which this section applies to the acquisition of a freehold or grant of a lease—\n(a) section 9(A1) of the LRA 1967 (transfer of a freehold house under the LRA 1967);\n(b) section 14A(1) of the LRA 1967 (grant of an extended lease of a house under the LRA 1967);\n(c) section 32(1) of the LRHUDA 1993 (collective enfranchisement of a building under the LRHUDA 1993);\n(d) section 56(1)(b) of the LRHUDA 1993 (grant of a new lease of a flat under the LRHUDA 1993).\n(7) This section has effect subject to the following provisions (which provide for the adjustment of the price payable where property is in the area of a management scheme)—\n(a) section 19(10)(b) of the LRA 1967;\n(b) section 70(12)(b) and (c) of the LRHUDA 1993.\n(8) In this Part—\n(a) “transfer of a freehold house under the LRA 1967” means the conveyance or transfer of the freehold of a house and any other premises under Part 1 of the LRA 1967;\n(b) “grant of an extended lease of a house under the LRA 1967” means the grant of an extended lease of a house and any other premises under Part 1 of the LRA 1967;\n(c) “collective enfranchisement of a building under the LRHUDA 1993” means the acquisition by a nominee purchaser of a freehold and any other interests under Chapter 1 of Part 1 of the LRHUDA 1993;\n(d) “grant of a new lease of a flat under the LRHUDA 1993” means the grant of a new lease under Chapter 2 of Part 1 of the LRHUDA 1993.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 37 not in force at Royal Assent, see s. 124(3)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "applied by 1993 c. 28, s. 32(1) (as substituted)",
      "affecting": "ukpga/2024/22",
      "affecting_title": "Leasehold and Freehold Reform Act 2024"
    },
    {
      "type": "applied by 1967 c. 88, s. 9(A1) (as inserted)",
      "affecting": "ukpga/2024/22",
      "affecting_title": "Leasehold and Freehold Reform Act 2024"
    },
    {
      "type": "applied by 1967 c. 88, s. 14A (as inserted)",
      "affecting": "ukpga/2024/22",
      "affecting_title": "Leasehold and Freehold Reform Act 2024"
    },
    {
      "type": "applied by 1993 c. 28, s. 56(1)(b) (as substituted)",
      "affecting": "ukpga/2024/22",
      "affecting_title": "Leasehold and Freehold Reform Act 2024"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/22/section/37",
    "retrieved_at": "2026-11-07T03:34:48.566347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}