Leasehold: Reform

(asked on 4th July 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what recent assessment he has made of the impact of leasehold reform on landlords.


Answered by
Eddie Hughes Portrait
Eddie Hughes
This question was answered on 12th July 2022

We will continue with our reforms to leasehold as part of our mission to level up homeownership.

The Leasehold Reform (Ground Rent) Act 2022 came into force on 30 June 2022. It makes homeownership fairer and more transparent for thousands of future leaseholders, by preventing landlords under new residential long leases from requiring a leaseholder to pay a financial ground rent. The impact assessment for the Act was published on 12 May 2021 and can be accessed via the Parliamentary Bills website (https://bills.parliament.uk/bills/2864).

In line with usual practice, the government's intention would be to publish an assessment of the impact of our leasehold reforms as part of taking future primary legislation through Parliament.

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