Leasehold Reform (Ground Rent) Act 2022
In today's world, Leasehold Reform (Ground Rent) Act 2022 has become a topic of great relevance and interest to a wide variety of people. From experts in the field to the general public, the importance of Leasehold Reform (Ground Rent) Act 2022 cannot be underestimated. Over the years, Leasehold Reform (Ground Rent) Act 2022 has been the subject of debate, research and analysis in numerous contexts, reflecting its significant impact in various areas of society. In this article, we will explore the different facets of Leasehold Reform (Ground Rent) Act 2022 and its influence in today's world, examining its relevance, evolution and the implications it has for the present and the future.
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| Long title | An Act to make provision about the rent payable under long leases of dwellings; and for connected purposes. |
|---|---|
| Citation | 2022 c. 1 |
| Introduced by | Michael Gove, Secretary of State for Levelling Up, Housing and Communities (Commons) |
| Territorial extent | England & Wales |
| Dates | |
| Royal assent | 8 February 2022 |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
The Leasehold Reform (Ground Rent) Act 2022 (c. 1) is an Act of the Parliament of the United Kingdom. It defined the peppercorn rent as a price of one peppercorn per year and prohibited ground rent greater than that price on new leases.
Rising ground rents had prevented purchasers of leasehold properties in England from selling their homes since lenders refused to approve mortgages. This act is a part of the UK government's programme to reform the leasehold system.
See also
References
- ^ "Leasehold Reform (Ground Rent) Act 2022", legislation.gov.uk, The National Archives, 2022 c. 1
- ^ a b "Leasehold scandal: ground rents on new leases to be banned from 30 June". Which?. 10 June 2022. Retrieved 12 March 2023.
- ^ "Future homebuyers to be freed from expensive ground rent bills on 30 June". 22 April 2022. Retrieved 12 March 2023.
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