Millions of leaseholders will have a new right to extend their lease by up to 990 years at zero ground rent, government has announced. 
 

Millions of leaseholders will have a new right to extend their lease by up to 990 years at zero ground rent, government has announced. 

The change will apply to both house and flat leaseholders, and was described as a “fabulous first step” towards resolving the complex issues around leasehold.

Campaigners have been arguing for reform for a long time. Though the announcement was welcomed, there is concern that there will be continued delays before the necessary legislation is passed. 

The changes represent the most significant reforms to English property law for 40 years and follow recommendations from the Law Commission. 

Under the law as it currently stands, leaseholders of houses can o...

Nicola Laver
Editor
Solicitors Journal

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