The Leasehold Reform (Ground Rent) Act 2022
16th May 2022
The Leasehold Reform (Ground Rent) Act 2022 effectively abolishes ground rents under new long residential leases (i.e., leases with a term of more than 21 years) that are granted for a premium.
The Act received Royal Assent on 8 February 2022 but has not fully come into force yet. It forms a vital part of the Government's agenda for leasehold reform is described as part of the most significant changes to property law in a generation.
