The Latest Articles From South East Leasehold at Lease-Extension.co.uk
This is the blog section of South East Leasehold. It's where you can find all our latest articles - written by our team of leasehold professionals.
Leasehold and Commonhold reform – latest update 28 February 2025
The government has given an update as to the implementation of the leasehold and freehold reform act 2024. The minister for housing and planning, Mathew Pennycoock, has outlined the government‘s position on the timing of the introduction of the various parts of the bill. Pennycook said that Leasehold is to…
January 2025 – Leasehold Reform Act 2024 Update
The housing secretary, Angela Rayner, has confirmed in front of a committee that the government still has an intention to bring in the Leasehold reform legislation later in the year. She was questioned by the housing communities and local government committee on Tuesday. She said “we want to do that…
Breaking News – Leasehold and Freehold Act – 2 year rule to be introduced
This is a further update on the latest with the reform bill. Here is the link from the government website: https://www.gov.uk/government/news/sweeping-reforms-to-give-leaseholders-more-powers-and-protection. To sum up, they are introducing another part of the bill in Jan 2025, this will do away with the 2 year qualification period for a statutory lease extension.…
The Leasehold & Freehold Reform Act 2024-Update November 2024
The leasehold and freehold reform act 2023/2024 obtained Royal ascent on the 24th of May 2024. The leasehold and freehold reform act 2024 applies to properties in England and Wales and was part of the previous governments White paper to increase fairness for leaseholders and to crack down on unfair…
The King’s Speech 2024
The King’s Speech 2024 The King’s Speech 2024 was delivered by King Charles in the House of Lords on Wednesday 17th July 2024. This article looks at the Leasehold aspects of the speech, from our perspective at South East Leasehold Ltd. The full details of the speech can be found…
The Leasehold and Freehold Reform Act 2024
Introduction The Leasehold and Freehold Reform Act 2024 (LAFRA) received Royal Assent on Friday 24th May 2024, as part of the pre-election procedure known as the “wash-up”. LAFRA brings some fundamental changes to leasehold valuation methodology and legal processes, with the intention of making it easier, cheaper, fairer and more transparent for…
Understanding Lease Extension Valuation Proceduresunder the Leasehold Reform, Housing and Urban Development Act 1993
Introduction The Leasehold Reform, Housing and Urban Development Act 1993 (the Act) stands as a landmark legislation in the United Kingdom, providing leaseholders with the statutory right to extend their leases. Central to this right is the valuation procedure, which determines the premium payable by leaseholders to landlords for lease…
Unveiling the Complexities of RPI Ground Rents: Implications and Perspectives
Introduction: In the realm of property ownership, ground rents have been a longstanding feature of leasehold arrangements, serving as a means for landowners to derive income from their property holdings. One variant of ground rents that has gained attention, particularly in the United Kingdom, is the use of the Retail…
The English Leasehold System: A Comprehensive Overview
The English Leasehold System: A Comprehensive Overview Introduction: The English leasehold system has long been a cornerstone of property ownership in the United Kingdom, particularly in densely populated urban areas. This system, characterized by the division of property ownership into freehold and leasehold interests, has profound implications for millions of…
What is a Section 42 Notice?
What is a Section 42 Notice in the Leasehold World? A Section 42 notice, often referred to as a Section 42 notice under the 1993 Leasehold Reform Act, is a legal document served by a leaseholder to the freeholder (landlord) of a property, typically a leasehold flat, to request a…
Understanding Collective Enfranchisement: Empowering Communities
Introduction: Collective enfranchisement is a legal process that empowers leaseholders to collectively purchase the freehold of their building or estate. It serves as a mechanism for individuals within a community to take control of their property destiny, offering them greater autonomy and stability in their living arrangements. This essay explores…
The Leasehold and Freehold Reform Bill 2024
The Government published the first draft of the Leasehold and Freehold Reform Bill 2024 on 27 November 2023. Progress can be seen via the Commons Library. If passed this will make changes to improve home ownership for leaseholders in England and Wales. The main changes are as follows; Lease extensions…