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ARTICLE · 16 DECEMBER 2003

New Statutory Rights For Residential Leaseholders

RadcliffesLeBrasseur
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On 30 September 2003 some of the remaining provisions of The Commonhold and Leasehold Reform Act 2002, which received Royal Assent in May 2002, will come into force. <B><P>A summary of the new provisions

United KingdomReal Estate and Construction

Originally published September 2003

On 30 September 2003 some of the remaining provisions of The Commonhold and Leasehold Reform Act 2002, which received Royal Assent in May 2002, will come into force.

A summary of the new provisions
  • Long leaseholders of flats will have the right to manage their building collectively and take over the management of the block from their landlord, subject to their satisfying certain qualifying rules.
  • Changes to the definition of service charges and leaseholders’ rights to challenge these charges.
  • An opportunity for leaseholders to be consulted over matters affecting them and over which they are obliged to meet the cost.
  • The right of leaseholders to challenge other charges under leases as well as charges in relation to estate management schemes.

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