South East Leasehold 15.3.22 Leasehold Reform (Ground Rent) Act 2022 - LRGRA2022 - The Act. This Act will affect Freeholders granting non-statutory lease extensions and must be adhered to to avoid fines. Existing ground rent streams will no be affected. In brief – When the Act comes into force shortly Freeholders cannot increase...
Housing Minister; Michael Gove did a series of news interviews this morning, announcing more help for leaseholders affected by the cladding crisis AND the wider fire safety issues. Companies “have until March” to shoulder their responsibilities for medium rise buildings, between 11 and 18 metres tall. He also announce additional...
Housing Secretary Robert Jenrick has announced reforms to leasehold ownership. In this article we set out comments on key questions arising from the reforms. Why is leasehold being changed? In summer 2020 the Law Commission published a series of reports following consultation into perceived shortcomings of current leasehold law with the aim...
Instruction 1. The valuation work starts the process. Please complete and return the attached instruction form. We will send you separate valuation terms and conditions for signature and return. All can be done by email with fillable PDF forms. Valuation fees payment required to valuation account. Valuation Work 2. We will call or contact you to...
The UK Gov announced a new fund worth £3.5bn to for unsafe cladding for all leaseholders in high-rise buildings over 18 metres. This is further to the Gov’s £1.6bn Building Safety Fund created in March 2020 to help fix non-ACM cladding systems on high-rise blocks. Housing Secretary Robert Jenrick made a...
The Government has laid out a number of measures to reform the leasehold system. These are; Abolish ground rent on new leases. Extend leases to 990 years. Abolish marriage value and cap ground rent value. Lease extension valuations to be carried out online. Numbers 1 and 2 will take place during...
Millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years at zero ground rent, the Housing Secretary Robert Jenrick has announced today (7 January 2021). Today’s measures come as part of the biggest reforms to English property law for 40 years, fundamentally making...
Curo Places Ltd v Pimlett Service Charge disputes Although not required appeal against that UKUT lease - Appellant housing association 1 30 (LC); [2019] PLSCS 73. The appellant taking over as landlord and seeking to appealed to the Court of Appeal. impose charge for grounds maintenance Held: The appeal was...
First tier Tribunal (Property Chamber) Residential Property Division Presidential Guidance for resuming internal inspections Introduction 1. It is imperative that our processes maintain a balance between the risks to safety caused by the Covid19 pandemic and the desirability or necessity to carry out an internal inspection of a property in order to discharge our duty...
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