Government renews leasehold abolition pledge – but no timetable
Summary
The government has reiterated its commitment to reforming and ultimately ending the leasehold system, citing the Leasehold and Freehold Reform Act 2024 as the main vehicle for change. However, the statement did not provide a timetable for implementation, leaving the pace of reform uncertain.
Why it matters
Leasehold reform affects ownership structures, service charge transparency and transaction processes that surveyors encounter in valuation, sales and leasehold advice. The absence of a timetable means practitioners should continue to monitor developments rather than expect immediate procedural change.
Key points
- Government has renewed its pledge to abolish leasehold.
- Leasehold and Freehold Reform Act 2024 is identified as the key reform framework.
- The statement says reforms should give leaseholders greater control and transparency.
- No timetable was provided for the next steps or implementation.
Organisations:
government
Regulations:
Leasehold and Freehold Reform Act 2024
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