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Nov 202323

The King's Speech: What it means for Leaseholders

Charles Wickes commercial property , landlord tenant law

On the 7^th of November, King Charles III announced that a new Leasehold and Freehold Bill will be one of the government's priorities for the year ahead. The aim of this bill is to increase the number of freehold properties, while also making it easier for leasehold homeowners to extend their leases. Abolishing escalating leasehold charges is also expected to be included as part of a bill to reform the leasehold system.

Below we'll look at the difference between freehold and leasehold properties, and what the key takeaways from the announcement are.

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The King's Speech: What it means for Leaseholders

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