What can I expect to receive should I decide to accept the landlord’s offer price?

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You will receive an offer letter stating the terms under which the landlord is prepared to sell their freehold interest to you.

The offer figure reflects the value that the landlord places on their interest in the property at the time of your application and it includes:

• the price the landlord is prepared to accept outside the formal statutory process (as governed by the 1967 Act)
• the landlord’s legal and administrative costs for completing the sale.

The offer will be valid for acceptance for 90 days.