Leasehold News and Articles from Property Experts
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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Progression in Leasehold Reform Legislation

The latest updates on the Leasehold Reform Bill include rejected amendments to extend building safety protections, discussions on new rights for freehold estate owners, and a ground rent consultation that may lead to significant changes in provisions. Stay tuned for more details on the amendments and their practical implications

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Leasehold and Freehold Bill 2024

The Leasehold and Freehold Reform Bill introduces several key changes that will impact leaseholders and landlords. These changes include extended leases, abolition of marriage value, disregarding onerous ground rents, and more. Find out what these changes mean for you.

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King’s Speech on Leasehold Reform

The King’s Speech briefing notes revealed some details about the leasehold reform, addressing concerns of homeowners. This article provides an explanation and commentary on the notable components of the reform, including lease extension, transparency over service charges, and banning new leasehold houses. Explore the potential implications of these changes in the leasehold market.

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Could major leasehold reforms be just beyond the horizon?

Insider predictions and insights into the proposed leasehold reform bill, including potential changes such as an overhaul to the lease extension process and giving more power to leaseholders. Discover how the bill aims to make it easier and cheaper for people to buy their homes outright and cap existing ground rents. Find out more about the government’s plans to abolish the leasehold system and potentially transition to a new Commonhold regime.

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Building Safety Act exclusion on lease extensions soon to be remedied

The exclusion of lease extensions from the qualification section of the Building Safety Act 2022 is soon to be addressed through an amendment to the Levelling-up and Regeneration Bill 2023. This is good news for residents of high-rise buildings who were hesitant to extend their leases due to concerns about losing the protections provided by the Building Safety Act.

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Do Shared-Ownership Leaseholders Qualify for a Lease Extension?

A recent court case has raised questions about whether shared-ownership leaseholders who have not staircased to 100% qualify for a lease extension. While traditionally it was assumed that they did not qualify, the court case suggests otherwise. This article explores the implications of the case and discusses the potential challenges and considerations for shared-ownership leaseholders seeking a lease extension.

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Ain’t Nothin’ Goin’ on but the Rent

A residential long lease often includes a ground rent provision, which is an annual sum paid to the landlord. While these sums may seem insignificant, they can cause significant issues for leaseholders, such as doubling ground rents and the risk of losing possession due to unpaid ground rent. This article explores the impact of ground rents on leaseholders and offers potential solutions to mitigate these issues.

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