The government has launched a public consultation on reforming the leasehold and commonhold system in England and Wales. The consultation follows the recommendations made by the Law Commission in three reports with proposed legislative changes for leasehold enfranchisement, the right to manage, and commonhold. In response, the Government has already announced changes to make the enfranchisement process simpler and cheaper, including 990-year lease extensions, and the creation of a Commonhold Council. The consultation includes proposed reforms that would give significant numbers of leaseholders the power to buy the freehold of their property or take over the management of their buildings.

Read the full story at https://www.lease-advice.org/news-item/government-launches-consultation-on-proposed-reforms-to-the-leasehold-and-commonhold-systems-in-england-and-wales/