The Leasehold Reform (Ground Rent) Bill has been published and when implemented aims to help tackle inconsistency and ambiguity of ground rents for future leaseholders. The UK Government is introducing the Bill so that ground rents in new residential long leases in England will have no financial demand for all future qualifying leases and that leaseholders do not face unfair terms or significant ground rent liabilities. The first reading took place on 12 May which started the Bill's journey through the House of Lords. However, no further scheduled dates are in place for future readings to finalise the legislation. Read more on the Arla website.
https://www.arla.co.uk/news/may-2021/leasehold-reform-bill-published/
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