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What’s New : Leasehold Reform

by

Ruth Barnes

The new Leasehold Reform (Ground Rent) Act 2022 is likely to come into force very shortly. Most of our clients have already moved to zero ground rents but there may still be some work to do in terms of management on existing sites where previous blocks or phases have been sold with ground rents. Whilst the general view is that whether an apartment is subject to a ground rent or not will be reflected in the value, it remains to be seen how this might be managed in practice.

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