Leasehold And Commonhold Reform – Government Statement Confirms Timing and further reforms
The Leasehold and Freehold Reform Act 2024 received royal assent in the wash up just prior to the election.
It included some of the changes around the rights of leaseholders of flats and houses to obtain extended leases and the freehold that The Law Commission had recommended, i.e. providing for leases to be extended by 990 rather than 90 years, doing away with the need to have owned for two years to qualify for an extended lease and bringing more buildings within the right to enfranchise or manage by increasing the threshold of non-residential parts from 25% to 50%.
