News

Leasehold Enfranchisement
The Ground Rent Act 2022

On 8th February 2022 the Leasehold Reform (Ground Rent) Act 2022 (‘the Ground Rent Act’) received Royal Assent. It will come into force on 30th June 2022 and will restrict ground rents in applicable leases to a “peppercorn” (or NIL) ground rent. The Ground Rent Act has major implications for both Landlords and Tenants who are negotiating terms to “voluntary” leases.

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Planting the seeds of Leasehold Reform – the start of a new dawn?

The Law Commission has published its long awaited recommendations for reform of the leasehold sector, to include changes to Leasehold Enfranchisement, the Right to Manage and Commonhold. Their report is over 850 pages in length and supplements the report earlier this year with proposals for reforming how the premium (or price) is calculated for any enfranchisement claim.

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Wallace Extends Recognition in the Legal 500 United Kingdom 2020 Directory

The Legal 500 United Kingdom 2020 directory has been published and we are delighted that Wallace is recommended in a record number of ten practice areas in the directory, for the London area.

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