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FREE landlord softwareTake advantage of our discounted landlord insurance ratesThe House of Commons Library has published a very helpful briefing paper on the Leasehold Reform (Ground Rent) Bill 2021-22, which will restrict ground rents on (most) newly created long residential leases to one peppercorn per year: https://t.co/kLRI8lltU4 #landlaw
— Modern Land Law (@modernlandlaw) August 10, 2021
Thursday, August 12, 2021
Leasehold Reform (Ground Rent) Bill 2021-22
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A big step in the direction of more equitable homeownership is this Leasehold Reform (Ground Rent) Bill. A more balanced real estate market can be achieved by relieving leaseholders of financial strain, particularly with relation to ground rent reform. Future laws should further increase openness and safeguard the long-term interests of leaseholders throughout the United Kingdom.
I remember reading about this Leasehold Reform Bill when it first came up! Ground rent has been such a headache for so many people, so seeing it get capped like this is a big deal. Reminds me of when I was buried in research for a paper and ended up finding the best Assignment writing service in Canada to help me break it all down. Wild how law reforms like this can actually make everyday life a bit easier.
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