The Leasehold and Freehold Reform Act 2024 (Commencement No. 2 and Transitional Provision) Regulations 2025
Introduction
The Leasehold and Freehold Reform Act 2024 (Commencement No. 2 and Transitional Provision) Regulations 2025 were laid before Parliament on 23 January 2025 and came into force on 24 January 2025.
These Regulations commence the remaining provisions of the Leasehold and Freehold Reform Act 2024 (the Act) that had not yet been commenced. The Act makes a number of significant changes to the law relating to leasehold and freehold land in England and Wales.
Key Provisions
The key provisions of the Regulations are as follows:
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They commence the following provisions of the Act:
- Section 1 (right to extend lease of flat to 990 years)
- Section 2 (right to acquire freehold of flat)
- Section 3 (right to acquire freehold of house)
- Section 4 (abolition of ground rents for new leases of flats)
- Section 5 (abolition of ground rents for existing leases of flats)
- Section 6 (extension of right to enfranchise houses)
- Section 7 (extension of right to enfranchise flats)
- Section 8 (abolition of marriage value)
- Section 9 (new provisions on the calculation of the price payable for enfranchisement)
- Section 10 (new provisions on the management of leasehold property)
- Section 11 (new provisions on the enforcement of leasehold covenants)
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They make transitional provisions in relation to the commencement of the Act.
Impact
The Act is a major piece of legislation that will have a significant impact on the law relating to leasehold and freehold land in England and Wales. The Regulations commence the majority of the provisions of the Act, and will therefore have a wide-ranging impact on landlords, tenants, and leaseholders.
Next Steps
The Regulations came into force on 24 January 2025. Landlords, tenants, and leaseholders should familiarize themselves with the provisions of the Act and the Regulations as soon as possible.
The Leasehold and Freehold Reform Act 2024 (Commencement No. 2 and Transitional Provision) Regulations 2025
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