Commonhold is a form of freehold ownership, where each unit holder owns their own unit (which could be a flat, shop or office unit), and together they own their communal areas through a “commonhold association” - a company...more
The last government made significant changes to leasehold including banning new leasehold houses through the Leasehold and Freehold Reform Act 2024. The current government has indicated it will go even further through the...more
The abolition of ground rents in residential leases in England and Wales is to come into force from 30 June 2022 under the new Leasehold Reform (Ground Rent) Act 2022....more
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
2/11/2022
/ Housing Market ,
Landlords ,
Leaseholds ,
Legislative Agendas ,
Real Estate Development ,
Regulatory Agenda ,
Regulatory Reform ,
Rent ,
Residential Leases ,
Tenants ,
UK
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
6/3/2021
/ Housing Market ,
Investors ,
Landlords ,
Leaseholds ,
Legislative Agendas ,
Real Estate Development ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Rent ,
Residential Leases ,
Tenants ,
UK
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
7/2/2019
/ Housing Market ,
Investors ,
Landlords ,
Leaseholds ,
Penalties ,
Real Estate Development ,
Regulatory Requirements ,
Rent ,
Residential Leases ,
Tenants ,
UK