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Except the government has only done the bare minimum for leasehold reform, and has seemingly abandoned the more ambitious plans it had promised for this session
by dane-pgp 4y ago
Except the government has only done the bare minimum for leasehold reform, and has seemingly abandoned the more ambitious plans it had promised for this session of parliament[0]. As for the Leasehold Reform (Ground Rent) Act 2022, it's worth reading the small print:
"Certain types of leases are also excepted by the LRGRA 2022 such as business leases, statutory lease extensions of houses and flats, community housing leases and home finance plan leases. The LRGRA 2022 will not apply to leases granted under contracts entered into prior to the commencement of the Act, unless in accordance with an option or right of first refusal."[1]
[0] https://nationalleaseholdcampaign.org/leasehold-reform-broken-promises/ https://nationalleaseholdcampaign.org/leasehold-reform-broke...
[1] https://www.keystonelaw.com/keynotes/the-end-of-residential-ground-rents-comes-into-force-on-30-june-2022 https://www.keystonelaw.com/keynotes/the-end-of-residential-...