When the Leasehold Reform (Ground Rent) Act 2022 comes into force on 30 June 2022 it will restrict the ground rent on most types of new leases of residential properties in England and Wales to a peppercorn, or zero, rent. The new law is part of the Government reforms aimed at making leasehold ownership “fairer […]Read More
Now that the Leasehold Reform (Ground Rent) Bill has passed its third reading, the question is no longer if the government will be introducing changes to leasehold legislation but rather when. When the bill becomes law, it will restrict ground rents on new build leasehold homes. As a result, owners of these properties will no […]Read More
Homeowners are expected to be more proactive in 2022 as they seek to escape from short leaseholds and onerous ground rents which have left them unable to sell their properties. Leasehold expert Jonathan Frankel, a partner at national law firm Cavendish Legal Group, saw an increase in enquiries last year from people unwilling to continue […]Read More
In September housebuilder Countryside Properties became the latest big developer to pledge an end to ground rents on leasehold properties. For thousands of leaseholders who bought homes from them it means they will no longer be subjected to the unfair rent system that doubles rates every 10 to 15 years. For many homeowners, entering into […]Read More
The Government’s decision to extend the limitation period for homeowners to take legal action for ‘shoddy work’, will have been made in a bid to provide support to leaseholders, amongst others, facing great uncertainty at the moment. But it actually raises more questions about who should be responsible for righting historic wrongs, and crucially who […]Read More
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