Lawyers Plan to Make Buying Leaseholds Cheaper
Lawyers are pushing for reforms that would make extending or buying out a lease cheaper for landlords and other home owners. The influential Law Commission – an independent body that keeps UK law updated and under review – wants wide ranging reforms of how...
Watchdog Puts Unfair Leasehold Charges Under Scrutiny
Landlords could be unshackled from paying unfair and costly charges as the competition watchdog launches a probe into how the leasehold property market works. The Competition and Mergers Authority (CMA) fears landlords and other homebuyers are locked into crippling...
MPs Urge Leasehold Reform to Make Home Owning Fairer
MPs are calling for far-reaching reform to leasehold property laws to make owning a home cheaper and fairer. The Housing, Communities and Local Government Committee claim freeholders are abusing the leasehold property system by making charges that cannot be justified....Long Leases, Consent to Sub-Let and Reasonableness
We are commonly asked about charges that a freeholder may make in respect of giving consent for a tenant of a long leasehold property to sub-let that property. A further case decided in the Upper Tribunal is worthy of a short note. Freehold Managers (Nominees) Ltd v...Reasonableness of Consent Charges for Underletting
Introduction A long lease is defined by section 76 Commonhold and Leasehold Reform Act 2002 as including if the lease is granted for a term of years certain exceeding 21 years, whether or not it is (or may become) terminable before the end of that term by notice given...Coronavirus Guidance
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