A bill to prohibit the grant or assignment of certain new long residential leases of houses, to amend the rights of tenants under long residential leases to acquire the freeholds of their houses, to extend the leases of their houses or flats, and to collectively enfranchise or manage the buildings containing their flats, to give such tenants the right to reduce the rent payable under their leases to a peppercorn, to regulate the relationship between residential landlords and tenants, to regulate residential estate management, to regulate rentcharges and to amend the Building Safety Act 2022 in connection with the remediation of building defects and the insolvency of persons who have repairing obligations relating to certain kinds of buildings.
Parliamentary stages
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1 The Leasehold and Freehold Reform Bill is the second part of a legislative package to reform English and Welsh property law. It follows on from the Leasehold Reform (Ground Rent) Act 2022, which put an end to ground rents for most new, qualifying long residential leasehold properties in England and Wales.
2 The Bill will make long-term changes to homeownership for millions of leaseholders in England and Wales. The main elements of the Bill are:
3 Empowering leaseholders:
a. Ban the sale of new leasehold houses so that - other than in exceptional circumstances - every new house in England …