Following on from a consultation that ran between June and September 2017, to which the Law Society responded, the government announced in December 2017 that it aims to tackle unfair practices in the leasehold market by introducing new legislation to prohibit residential long leases except in exceptional circumstances and restricting ground rents.
The Ministry of Housing, Communities & Local Government consultation 'Implementing Reforms to the Leasehold System in England' intends to act on this announcement by reviewing opinions from all with an interest in leasehold.
The consultation seeks your views on:
- implementing the ban on the unjustified use of leasehold in new build houses
- implementing the reduction of future ground rents to a nominal financial value
- implementing measures to ensure that the charges that freeholders must pay towards the maintenance of communal areas are fairer and more transparent
- implementing measures to improve how leasehold properties are sold