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Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: leasehold

Posted in Real Estate News

Happy News Year for Leasehold Homeowners

In the first working week of the New Year, Housing Secretary Robert Jenrick announced major reforms to the way that houses and flats are owned in England and Wales. The changes could affect more than 4 million leaseholders across England and Wales. The government has come under increasing pressure in recent years to tackle what

Posted in Real Estate News

Law Commission heralds new lease of life for residential property

Just like buses and government slogans, it seems that Law Commission reports on the future of residential property in England and Wales come in threes.  Following separate, lengthy consultations, the Law Commission has this week published its proposals for reforming leasehold enfranchisement, tenants’ statutory right to manage (“RTM”), and Commonhold ownership. It is estimated that

Posted in Real Estate News

Radical proposals on enfranchisement rights

The sale of houses on a leasehold basis has been criticised in some quarters because of its apparent unfairness to leaseholders. Leaseholders, in contrast to freeholders, lease a property for only a number of years. The question then being, what happens at the end of the term? Enfranchisement rights provide leaseholders who hold a lease