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Following the enactment of the Leasehold and Freehold Reform Bill, Mark Chick, director of ALEP (the Association of Leasehold Enfranchisement
By Monidipa Fouzder2021-01-08T12:00:00+00:00 The government has hailed leasehold reforms announced yesterday as part of the ‘biggest reforms to English property law for 40 years’ – but practitioners say the measures raise more questions than they answer and want to see more details. Under the plans, millions of leaseholders will be given a new right to extend their lease by 990 years with a ground rent at zero. Ground rent payable when a leaseholder chooses to extend their lease or become the freeholder will be capped. Prohibitive costs such as ‘marriage value’ will be abolished. ...