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hi welcome to this video of global property consulting since many of you inquire about lee's extension valuation process and how the whole thing works so we decided to record this video so that we can give you as much as information possible but do write your comments below or if you have any questions feel free to write down in the comment section below and feel free to give us a call so that we can help you with any queries that you have and also if you have not subscribed to our channel do subscribe to our channel so that you can keep getting regular update on whenever we update any new videos now don't worry about too much you know that i'm not going to go through much of legal part here but let us at least understand little bit basic of this lease extension the lease reform housing and urban development act 1993 so basically the first statute was the lease reform act 1967 which applied only to the houses to a specific value but subsequently then it was changed by a 1974 act then...