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ARTICLE · 07 DECEMBER 2023

Ground Rent Consultation

TLT Solicitors
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The King's Speech last month laid out a number of changes to leasehold property which the government says will "make long-term changes to improve home ownership...

United KingdomReal Estate and Construction
Patrick Sheehan
Patrick Sheehan

The King's Speech last month laid out a number of changes to leasehold property which the government says will "make long-term changes to improve home ownership for millions of leaseholders in England and Wales".

The changes have manifested in two ways: the Leasehold and Freehold Reform Bill (Bill), which was introduced to Parliament on 27 November, and the Consultation on restricting ground rent for existing leases (Consultation).

We are tracking the Bill through Parliament and will provide commentary on the amended/final form in due course.

What is being consulted on?

The Consultation runs until 21 December 2023 and seeks views on five potential options (Options) for retrospectively restricting ground rents in existing leases (being leases granted before 30 June 2022 or before 1 April 2023 for leases of retirement homes). The Options are:

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