Parliament: Leasehold & Commonhold Briefing Paper

Last week, Parliament released a briefing paper to update MPs and anyone else on the situation with leasehold reform. The briefing paper is at the link below:

Among other things it says:

  • The use of leasehold is increasing, especially by private developers
  • This is probably not a good thing (although entirely legal)
  • Commonhold, which was supposed to replace leasehold, has not taken off.

Note that ground rent, one of the major issues with private leasehold, is not a problem for Council leaseholders because the Council only charges a peppercorn ground rent.