Leasehold reform
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Service Charge Reforms Are Coming: What Should Flat Buyers Be Told Now?
The Leasehold and Freehold Reform Act 2024 introduces a phased timetable for service-charge, insurance, and litigation-cost provisions in England, with key implementation dates from November 2026 to November 2028. Buyers must thoroughly investigate financial implications before purchase, as increased transparency does not guarantee lower costs or reduced liabilities.
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Lease Extension Reform Debated in House of Lords
Peers took part in a second reading debate on the Leasehold Reform (Amendment) Bill. This private members’ bill, was introduced to the House of Commons by Conservative MP Philip Hollobone. The bill received cross-party support. The bill amends the Leasehold Reform, Housing and Urban Development Act 1993 in relation to the permitted signatories of notices.…