Posted by Callum Howorth, Conveyancing Assistant
Leaseholds – what you need to know
Leasehold tenure has come under increasing scrutiny in recent months. In December 2017, the Department for Communities and Local Government published its consultation paper ‘Tackling unfair practices in the leasehold market’. Responses to that paper have helped shine a spotlight on the abuses and malpractice prevalent throughout the leasehold market. The paper itself received over 6000 responses, demonstrating the strength of interest in the issue. With the Leasehold Reform Bill currently in its second reading in the House of Commons, what exactly are the problems facing leasehold and how would reform be shaped?