Residential ground rents: The end of the road

Clyde & Co LLP | May 2022 #397
Alexandra Adams and Sarah Buxton review the first of the government’s planned leasehold reforms to get over the line Leases granted pursuant to an option or pre-emption agreement (such as an option to renew in an existing lease) will be caught by the Act. The UK government has announced that the effective ban on ground …

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The Leasehold Reform (Ground Rent) Act 2022: Thoughts and implications

Irwin Mitchell LLP | March 2022 #395
Hayley Bruce considers the intricacies of the 2022 Act and possible reaction from the property sector The general rule for a permitted rent is a peppercorn rent which means an annual rent of one peppercorn, having no financial value. There are two exceptions to this: shared ownership leases and replacement leases (s4(1) of the Act). …

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Leasehold reform: More clarity required

Cavendish Legal Group | July/August 2021 #389
Jonathan Frankel considers the government’s proposals on the abolition of ground rent following the recent announcement by Aviva and Persimmon to change the way in which they operate their leasehold properties Existing leaseholders with a short term left on their lease, which they are looking to extend, now have a real dilemma on their hands. …

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