Continue reading "The Leasehold Reform (Ground Rent) Act 2022: Thoughts and implications"
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The Leasehold Reform (Ground Rent) Act 2022: Thoughts and implications
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). …