§ Mr. Wigleyasked the Secretary of State for the Environment what formula is used by the Lands Tribunal to determine the fair price of a property's freehold, in cases brought under the provisions of the Leasehold Reform Act 1967.
§ Mr. ArmstrongThe basis for determining the price to be paid for a freehold purchased under the provisions of the Leasehold Reform Act 1967 is laid down in Section 9 of the Act, as amended by Section 82 of the Housing Act 1969 and Section 118 of the Housing Act 1974.