- My LS
Share your thoughts on the Leasehold Reform (Ground Rent) Bill
A new Leasehold Reform (Ground Rent) Bill was introduced in the Queen’s speech on Tuesday 11 May.
The bill had its first reading on Wednesday 12 May and its second reading is due to take place on Monday 24 May.
The aim of the bill is to stop onerous and raising ground rents from affecting future leaseholders.
Concerns have already been raised that the scope and definition of ‘rent’ may need to be improved to prevent disputes.
National Trading Standards will have the power to penalise people who do not comply, with fines of up to £5,000 for breaches.
If you have any comments or thoughts on the bill at this stage, email firstname.lastname@example.org by midday on Tuesday 1 June.