000			02208nam a22002657a 4500
008			231211s2023 xxk|||||ol|||o00| 0 eng d
041			_aeng
110			_aParliament
245			_aLeasehold and Freehold Reform Bill 2023
260			_c2023
520			_aLong title: A Bill To Amend the rights of tenants under long residential leases to acquire the freeholds of their houses, to extend the leases of their houses or flats, and to collectively enfranchise or manage the buildings containing their flats, to give such tenants the right to reduce the rent payable under their leases to a peppercorn, to regulate charges and costs payable by residential tenants, to regulate residential estate management and to regulate rent charges.
520			_aThe Leasehold and Freehold Reform Bill will deliver on the government’s manifesto commitments on leasehold reform. The Bill will make the long-term and necessary changes to improve homeownership for millions of leaseholders in England and Wales, by making it cheaper and easier for more leaseholders to extend their lease, buy their freehold and take over management of their building. Increase the standard lease extension term for houses and flats to 990-years (up from 90 years in flats, and 50 years in houses), with ground rent reduced to a peppercorn (zero financial value) upon payment of a premium. protecting leaseholders by extending the measures in the Building Safety Act 2022 to ensure it operates as intended. Ban the sale of new leasehold houses so that - other than in exceptional circumstances - every new house in England and Wales will be freehold from the outset.
650			_aBUILDING SAFETY ACT 2022
650			_aHOUSING
650			_aLEASEHOLD PROPERTIES
650			_aPEPPERCORN RENTS
650			_aRESIDENTIAL PROPERTY
651			_aEngland
651			_aWales
690			_96266 _aResidential property
856			_uhttps://publications.parliament.uk/pa/bills/cbill/58-04/0013/230013.pdf _zBill as enacted
856			_uhttps://bills.parliament.uk/bills/3523 _zProgress of Bill page
856			_uhttps://www.gov.uk/guidance/guide-to-the-leasehold-and-freehold-reform-bill _zGuide to the Bill
942			_n0
999			_c121730 _d121730