Leasehold reforms become law without ground rent cap
- Reforms to leasehold and freehold in England and Wales have become law, aiming to simplify processes for lease extension and property management.
- However, the promised cap on ground rents, including removal for existing leaseholders or capping at £250, has been omitted from the new law.
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Leasehold Reforms Become Law Without Cap on Ground Rent
Reforms to leasehold in England and Wales became law on Friday, but a promise to cap ground rents has been dropped. The Leasehold and Freehold Reform Bill was one of the bills that were rushed through Parliament before it shuts down for the general election on July 4. The government said homeowners will receive more rights, power, and protections under the new law, amid a warning that it’s “not the revolution that many leaseholders across the co…
·New York, United States
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Total News Sources6
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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