The new session of Parliament was opened today.
In the Government’s briefing on the King’s speech, the following was declared:
Draft Leasehold and Commonhold Reform Bill
“Draft legislation will be published on leasehold and commonhold reform”
● The Government will act quickly to provide homeowners with greater rights,
powers and protections over their homes by implementing the provisions of the
Leasehold and Freehold Reform Act 2024.
● The Government will further reform the leasehold system, enacting remaining Law
Commission recommendations relating to leasehold enfranchisement and the
Right to Manage, tackling unregulated and unaffordable ground rents, and
removing the disproportionate and draconian threat of forfeiture as a means of
ensuring compliance with a lease agreement.
● The Government will take steps to bring the feudal leasehold system to an end,
reinvigorating commonhold through a comprehensive new legal framework and
banning the sale of new leasehold flats so commonhold becomes the default
tenure
It looks as if the new Leasehold and Freehold Reform Act 2024 will become operable within the current session of Parliament. The exact timescale is still not confirmed.