On 24th May 2024, during the wash-up debate on the Leasehold and Freehold Reform Bill, the Bishop of Southwell and Nottingham tabled an amendment to the bill which “would give a charity freeholder the right to compensation for the loss of marriage or hope value,” and a further amendment relating to the setting of deferment rates:
The Lord Bishop of Southwell and Nottingham: 20: Schedule 4, page 164, line 15, at end insert—
“(3A) But in a case where the freeholder is a charity and the freehold interest was vested in that charity immediately before the passing of this Act, the freeholder is entitled to compensation for loss of marriage or hope value, with the amount of compensation being equal to the amount the freeholder would have received by way of marriage or hope value if assumption 2 had not been made.”Member’s explanatory statement
This amendment would give a charity freeholder the right to compensation for the loss of marriage or hope value.
My Lords, I will speak to both amendments in my name. I declare my interest as a beneficiary of the funds of the Church Commissioners, being in receipt of a stipend. I am also a leaseholder of a flat in Bristol.
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