The Government is in the course of introducing a radical bill which seeks to reform the current system of leasehold in the UK
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On Wednesday, 11 September 2024, the new Renters’ Rights Bill was published and introduced to Parliament.
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Continuing our series of updates on the LAFRA, we now turn to the LAFRA provisions in relation to service charges, estate management fees and the Building Safety Act.
Read MoreThe LFRA was passed and obtained Royal Assent on 24th May 2024 as the last piece of legislation passed in the wash-up before parliament was prorogued. The premise of the LFRA is to provide Leaseholders with more rights and protections and to make extending their lease or buying their freehold easier and cheaper.
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Section 21 ‘no-fault‘ evictions are a provision of the Housing Act 1988 which, in general terms and subject to certain preconditions, allows landlords to evict tenants at the end of the fixed term of an assured shorthold tenancy without providing a reason and on giving at least two months’ notice.
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This guidance note sets out an overview of the Government’s proposals on changes to service charge legislation in light of the incoming Leasehold and Freehold Reform Bill.
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The Government is in the course of introducing a radical bill which seeks to reform the current system of leasehold in the UK
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The Building Safety Act 2022 (“the BSA”) created statutory protections for tenants of qualifying buildings in order to cap service charges payable in relation to works required to rectify building safety defects.
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The King’s Speech on 7 November briefly touched on the long-awaited leasehold reforms by promising to make it “cheaper and easier for leaseholders to purchase their freehold and tackling the exploitation of millions of homeowners through punitive service charges”.
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