The current legislation for extending leases on flats, the Leasehold Reform, Housing and Urban Development Act 1993, and on houses, the Leasehold Reform Act 1967, recently came under review, with a Law Commission consultation closing at the start of January.
As law commissioner Prof. Nick Hopkins points out, 'the current system is complex, slow and expensive and it's failing homeowners'. The residential leasehold system has been the subject of much criticism over many years, which led to Law Commission consultation paper 238: Leasehold home ownership: buying your freehold or extending your lease.
Amy Lewis and Shabnam Ali-Khan appear in Rics Property Journal discussing this proposal to simplify the process of extending leases and acquiring freeholds.
Easing lease extension is available to read on the ISSUU website.
Amy is a partner in the property group dealing with both residential and commercial property. She specialises in residential lease extension and enfranchisement, primarily under the Leasehold Reform Housing and Urban Development Act 1993, and related Landlord and Tenant matters, acting for both landlord and tenants.
Shabnam is a senior associate in the property team. She specialises in lease extension and enfranchisement matters, primarily under the Leasehold Reform Housing and Urban Development Act 1993.