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UK government legislates to make residential ground rents a thing of the past

On 8 February 2022, the Leasehold Reform (Ground Rent) Act 2022 received Royal Assent, effectively outlawing ground rents in residential leases in England and Wales once the legislation comes into force....more

Residential property reform by UK government: Goodbye to ground rents

In the first part of a long-heralded suite of reforms to leasehold property law in England & Wales, the UK government has introduced a draft Bill which is intended to consign to history ground rents under leases of flats and...more

Happy News Year for Leasehold Homeowners

In the first working week of the New Year, Housing Secretary Robert Jenrick announced major reforms to the way that houses and flats are owned in England and Wales. The changes could affect more than 4 million leaseholders...more

Law Commission heralds new lease of life for residential property

Just like buses and government slogans, it seems that Law Commission reports on the future of residential property in England and Wales come in threes.  Following separate, lengthy consultations, the Law Commission has this...more

7/23/2020  /  Housing Market , Leaseholds , UK

Game, set and match for leasehold housing and ground rents: Government responds to its consultation on leasehold reform

Last week saw a volley of government announcements for the private rented sector and investors in leasehold residential property.  At the Chartered Institute of Housing Conference on 27 June, Prime Minister Theresa May and...more

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