Both the Conservative and Labour party manifestos incorporate reform policies for leasehold practices. But do they go far enough?
Even if ground rent practices are reformed, leasehold owners can still be stung by high fees when they need to extend their lease or purchase the freehold, as the term of the lease falls.
Here at Dutton Gregory, our Property Litigation Team are here to help with the process of leasehold enfranchisement for both landlords and tenants.
Many people are also unaware of the implications of letting their lease length fall, which can significantly increase the cost of a lease extension when the time remaining on the lease falls below 80 years.