Commencement of Ground Rent legislation
21/04/2022
The Leasehold Reform (Ground Rent) Act 2022 received Royal Assent on 08 February 2022. The Government has now confirmed that the legislation will commence on 30 June 2022. The ban will affect all new leases (although there will be a delayed timeframe for retirement leases), and have some impact on current leases where leaseholders seek to extend their leases. The Government's full press release can be found here. We have also prepared our own advice note for our existing clients which is available upon request.