Renters Rights Bill & Ground Rent relief
13/09/2024
This week saw the first reading of the Renters Rights Bill. In addition to bringing welcome relief for tenants who fear “no fault” evictions, the RRB also reintroduces the closing of the “Housing Act ground rent trap” feared by many leaseholders and their conveyancers. The Housing Act trap is a complex ground rent muddle which can make selling difficult in cases where the ground rent exceeds either £250 outside of Greater London or £1,000 inside of Greater London due to repossession rights of the landlord in these cases. Section 30 of the RRB proposes to close this loophole which will no doubt bring welcome relief to those with onerous ground rents and to the conveyancing industry.