✓ Passed into LawLords

UK Parliament · Bill

Leasehold and Freehold Reform Act 2024

Summary

This Act makes changes to the rules around leasehold and freehold properties in England. It's designed to help people who rent their homes from landlords (leaseholders) by making it cheaper and easier to own their property outright, and by limiting how much ground rent landlords can charge.

A vote to support means

  • Supporting this Act means backing reforms to make leasehold and freehold properties fairer for homeowners. It aims to reduce ground rents, make it easier and cheaper for leaseholders to extend their leases or buy their freehold, and give homeowners more control over their properties.

A vote to oppose means

  • Critics worry that the reforms might reduce property values for freeholders and landlords who own the land. Some are concerned that the changes could make the property market less attractive for investors, or that new rules might be complicated and costly to implement.

Cast Your Vote

People's Vote27 votes
22% Support · 678% Oppose · 21

Bill Passage

Commons

  • 1st reading27 Nov 2023
  • 2nd reading11 Dec 2023
  • Committee stage16 Jan 2024
  • Report stage27 Feb 2024
  • 3rd reading27 Feb 2024

Lords

  • 1st reading28 Feb 2024
  • 2nd reading27 Mar 2024
  • Committee stage22 Apr 2024
  • Report stage24 May 2024
  • 3rd reading24 May 2024
Royal Assent24 May 2024
Full Bill Description(click to expand)

No description available