Although Scott believes that the passing of the Leasehold and Freehold Reform Act 2024 will simplify lease extensions, the devil is in the detail. The Government has not yet decided on two crucial elements of the formula for calculating how much tenants have to pay so in many cases we don’t know whether tenants should extend their leases now, or wait for the changes in the law to take effect.
Scott’s comments were featured in multiple news outlets, which have been listed below with kind permission.
Inside Conveyancing – Leasehold and Freehold Reform Bill Receives Royal Assent – https://insideconveyancing.co.uk/news/leasehold-freehold-reform-bill-receives-royal-assent/
PropertyWire – Leasehold and Freehold Reform Bill Receives Royal Assent – https://www.propertywire.com/adviser-news/government-and-policy/leasehold-and-freehold-reform-bill-receives-royal-assent/
GALLANTCEO – Leasehold and Freehold Reform Bill Receives Royal Assent – https://www.propertywire.com/adviser-news/government-and-policy/leasehold-and-freehold-reform-bill-receives-royal-assent
News On The Block – Failure to enact Renters Reform Bill and unclear Leasehold and Freehold Reform Act –https://newsontheblock.com/news-opinion/failure-to-enact-renters-reform-bill-and-unclear-leasehold-and-freehold-reform-act
Ed Fennell’s Diary – Edward Fennell’s LEGAL DIARY – The Legal Diary
FlatLiving – Failure to enact Renters Reform Bill and unclear Leasehold and Freehold Reform Act – Flat Living (flat-living.co.uk)
Letting Agent Today – Eviction Court Delays still in place for new governme… (lettingagenttoday.co.uk)
For further information, please contact Scott Goldstein, Partner in the Litigation, arbitration & dispute resolution department or, alternatively, telephone on 020 7465 4300.
