On 21 July, the Law Commission published three reports to government on reforming leasehold home ownership.
The reports cover:
- reinvigorating commonhold
- exercising the right to manage
The Law Commission has made recommendations for a new, single enfranchisement regime designed to benefit leaseholders of both houses and flats.
It has also recommended:
- incentivising commonhold to make it the preferred alternative to leasehold in future
- relaxing the requirements for leaseholders to exercise the right to manage
“Leasehold reform is a complex and important task with many different interests at stake,” said Simon Davis, president of the Law Society of England and Wales.
“The issues of unfair leaseholds, enfranchisement, commonhold and the right to manage are interrelated, so it is important the government takes an appropriately comprehensive view when considering the changes proposed.
“We are supportive of the proposals to relax the qualifying criteria for right to manage and to make the enfranchisement process easier, quicker and cheaper.
“We share the Law Commission’s belief that its suggested reforms should deliver real benefit for homeowners, and that its recommendations will provide the flexibility for commonhold to develop as an alternative to leasehold, if incentivised further by government.”
It will now be for government to decide which steps to take forward and progress legislation.
Read our responses to the Law Commission’s three consultations: