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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