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ARTICLE · 24 NOVEMBER 2023

Residential Leasehold Reform: Test Your Knowledge

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Since the publication of the Government's 2017 white paper "Fixing our broken housing market", there has been much discussion about the Government's plans to reform the housing market especially by means of modernising the leasehold sector.

United KingdomReal Estate and Construction
Sarah Walker
Sarah Walker
Matthew Williams
Matthew Williams
Sarah Quy
Sarah Quy
Charlotte Nielsen
Charlotte Nielsen
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Since the publication of the Government's 2017 white paper "Fixing our broken housing market", there has been much discussion about the Government's plans to reform the housing market especially by means of modernising the leasehold sector. The King's Speech on 7 November 2023 included further announcements about leasehold reform.

Understandably, this has led to some confusion about which proposals are now law, which are on the stocks and which have been shelved. This briefing contains a summary of the leasehold reforms in the King's Speech along with a Q & A section to help clarify where the leasehold reform project currently stands.

THE KING'S SPEECH

As part of the King's Speech on 7 November 2023, the Government announced further reform of the leasehold system in England and Wales, in the form of the draft Leasehold and Freehold Reform Bill (the "Bill"). The Bill, if enacted, will build on the changes implemented by the Leasehold Reform (Ground Rent) Act

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