Lords concludes line by line examination of Leasehold Reform (Ground Rent) Bill
15 June 2021
The House of Lords concluded detailed examination of the Leasehold Reform (Ground Rent) Bill in committee stage on Monday 14 June.
The purpose of the Leasehold Reform (Ground Rent) Bill is to set future ground rents to zero for new leases to make leasehold ownership fairer.
Line by line examination
Members speaking discussed changes on a wide rage of subjects. For example financial penalties and banning orders for landlords who breach provisions in the Act, and a financial impact assesment of the Act to review whether a further extension of the ground rents ban could benefit existing leaseholders.
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Explore further information
Find out more in the House of Lords Library Leashold Reform (Ground Rent) Bill briefing.
Report stage, an opportunity to closely scrutinise elements of the bill and make changes, is yet to be scheduled.
What's happened so far?
Committee stage day one: Wednesday 9 June
Members speaking discussed particular amendments on a wide range of subjects, including:
- provisions for retirement homes
- the financial impact of this Act for leaseholders
- extensions to leasehold contracts.
Members also rasied concern about a lack of help in the bill for existing leaseholders (its measures provide for future leaseholders) or anyone who buys a lease with a ground rent before the bill's commencement date.
They questioned (with amendments) why the bill does not deliver government policy to enable leaseholders to buy out the ground rent without the need to extend the lease.
Second reading: Monday 24 May
Members expressed concern regarding ground rents and unreasonable service charges existing leaseholders are required to pay.
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