Leasehold Reform (Ground Rent) Bill released in full
12/05/2021
We are pleased to see the swift release of the full Leasehold Reform (Ground Rent) Bill on the Parliamentary website following reference to it in the Queen's Speech yesterday. On a quick glance, it confirms that ground rents will be banned for new leases and also for the extended term of any informal lease extension. Proposed new penalties will be introduced to tackle any ground rents unlawfully demanded. The definition of a ground rent appears widely drafted to capture any less obvious ground rent. We will update our website once we have reviewed the Bill in full. In the meantime, the Bill can be found here.