Leasehold law made easy

Written by Property Solicitors
Demystifying the landscape of property law

Predictions for commencement dates

This article delves into the recently enacted Leasehold and Freehold Reform Act 2024, discussing its potential impact and the possible timeline for its provisions to be brought into effect. The Act’s complexities and the uncertainties surrounding its implementation pose challenges for property owners and advisors, who must decide whether to wait for changes or move forward under the current regime.

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The Leasehold and Freehold Reform Act has now become law.

The recently passed Leasehold Reform Bill brings significant changes for leaseholders, including the ability to buy their freehold more easily and cheaply, increased lease extension terms, and more transparency over service charges. However, the bill’s rushed passage and potential exceptions have attracted criticism, and there are still uncertainties around its implementation.

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Possible U-turn on abolition of ground rents

The Conservatives are under fire for potentially not delivering on their promise to eliminate ground rents, with reports indicating that Michael Gove is facing challenges in making changes to current leasehold law

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