Property Development

THE LEASEHOLD REFORM (GROUND RENT) ACT 2022

An Overview: On 30 June 2022, the Leasehold Reform (Ground Rent) Act 2022 (“the LRGRA 2022”) was introduced as part of the Government’s proposed reform of the leasehold property system following increased publicity about ground rent increases. Leasehold property is a type of property ownership which gives the leaseholder the right to own the property