Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Robert Jenrick will abolish ground rents and push ahead with introduction of “commonhold” tenure
The government is pushing ahead with long-awaited reforms to the leasehold system which will make it impossible for developers and freeholders to impose swingeing ground rents on leasehold residents.
Housing secretary Robert Jenrick said the new system, brought in as part of the government’s response to the leasehold homes scandal – in which buyers of new-build houses were asked to pay large ground rents which doubled every 10 years – will see leaseholders given the right to extend their leases at zero ground rent.
…
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now