The Building Safety Bill has become law - and while it does offer help to leaseholder landlords with one or two investment properties, those with larger portfolios remain excluded.Under the new legislation, owners of up to three properties in the UK will qualify for...
Leasehold
End of lease repairs: What landlords need to know
Property Reporter are running a useful article on the subject of lease repairs, stating ‘The subject of repairs between landlords and tenants is a complex one, with key factors to consider on both sides. At the end of a tenant’s lease, the landlord may find the care of their property does not meet expectations, inflicting […]
Leasehold Reform (Ground Rent) Act 2022
On 8 February 2022 the Leasehold Reform (Ground Rent) Bill received Royal Assent. The Act restricts ground rents on newly created long leases of houses and flats to an annual rent of one peppercorn (a token of no financial value). For the Act, click here. For a House of Commons Library briefing, published on 20 January […]
Cladding and fire risk in flats
On 10 January 2022 the Secretary of State for Levelling Up, Housing and Communities, Michael Gove, wrote to the residential property developer industry and warned developers that they must pay to fix the cladding crisis that they caused. Mr Gove has giving them a deadline of early March to agree a fully funded plan of […]
More Help For Leaseholders
Housing Minister; Michael Gove has conducted a series of news interviews, announcing more help for leaseholders affected by the cladding crisis AND the wider fire safety issues. Companies “have until March” to shoulder their responsibilities for medium rise buildings, between 11 and 18 metres tall. He also announce additional funds and a proposal to claw […]
Leasehold Reform (Ground Rent) Bill
This Government Bill would make provision about the rent payable under long leases of dwellings. The Bill completed its House of Lords stages on 14 September 2021 and was presented to the House of Commons on 15 September 2021. The Bill received its second reading debate on 29 November 2021. The Public Bill Committee reported […]
Freehold houses: estate charges
The House of Commons Library has published a paper covering requirements on freeholders to pay for the upkeep of an estate’s communal areas and facilities, known as ‘fleecehold’, and setting out the Government’s proposed reforms. For the paper, click here.
Leasehold Reform (Ground Rent) Bill
This Government Bill would make provision about the rent payable under long leases of dwellings. First reading in the House of Lords took place on 12 May 2021. Second reading took place on 24 May 2021. The Bill completed its committee stage on 14 June 2021 and report stage on 20 July 2021. The third […]
Estimated number of leasehold dwellings 2019 to 2020– England
MHCLG has published statistics which provide an estimate of the number of leasehold dwellings in England, by tenure, dwelling type and region. In 2019-20: There were an estimated 4.6 million leasehold dwellings in England. This equates to 19 per cent of the English housing stock. Of these, 2.6 million dwellings (56 per cent) were in […]
Ground Rent Reform: What can we expect from this major change?
Property Industry Eye have just published an interesting opinion on the potential change to Ground Rents in the future. It can be read here.
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Many landlords still excluded from new Building Safety Law
The Building Safety Bill has become law - and while it does offer help to leaseholder landlords with one or two...
End of lease repairs: What landlords need to know
Property Reporter are running a useful article on the subject of lease repairs, stating 'The subject of repairs...
Leasehold Reform (Ground Rent) Act 2022
On 8 February 2022 the Leasehold Reform (Ground Rent) Bill received Royal Assent. The Act restricts ground rents on...