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The Leasehold Reform Act 2022 to be effective by this August

The Leasehold Reform (Ground Rent) Act 2022 has finally received royal assent and is due to be effective by August 2022. The act makes provisions to help new home buyers by stripping the rights of ground rent charges from landlords down to a “peppercorn if demanded” only for all leases dated after the commencement date. Robert Barham from the Estates Gazette helps us digest the details in this article.

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