Can we expect a more vigorous programme of reform in the residential leasehold sector?
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“ So now that we know the size of the Labour majority it seems a fairly safe bet that the next five years will see a more vigorous programme of reform in the residential leasehold sector.
During the next five years we are likely to see the acceleration of commonhold, and possibly legislation to end or put a sunset date on leasehold for new properties.
It will be interesting to see what Labour chooses to do with the Commonhold project and we expect to now find out what other drafting has been done by DLUHC in relation to the law commission’s original reports and recommendations.
In addition we can presumably expect the current reforms in the Leasehold and Freehold Reform Act 2024 to be brought into effect and the question now turns to the timing of these and secondary legislation.
ALEP remains ready to engage with government and we look forward to meeting with the new Secretary of State for Housing and Ministers to continue our programme of engagement to help ensure that any new legislation is fit for purpose. “
Mark Chick
ALEP 5/07/24
