Cordelia Smith comments on the Leasehold and Freehold Bill in The Law Society
Cordelia Smith’s comments were published on The Law Society, 15 March 2024, and can be seen here.
All change for leasehold?
As the Leasehold and Freehold Bill 2023–24 wends its way through parliament, Lucy Trevelyan examines what the reforms will mean for the leasehold property market.
The new Leasehold and Freehold Bill 2023–24 (currently at report stage in parliament) aims to improve consumer choice and fairness in leasehold, crack down on unfair practices, and take forward recommendations made by the Law Commission in its 2020 leasehold reform reports.
Read the full article here: All change for leasehold? (The Law Society)
“It’s not just the sales market that has been affected by the proposed changes. Many leaseholders who are looking to exercise their statutory right to extend their leases, for example, have been holding back to see whether the bill would bring in provisions more favourable than those currently in place under the Leasehold Reform Act 1967 and LRHUDA 1993.”
