The Standards have been written to apply to residential long leasehold properties
(a lease of a term in excess of 21 years when originally granted) in England and Wales
where a service charge, which varies according to expenditure, is payable.
They represent the core of good practice for managing agents. We believe they are
achievable by any well-run company. The applicable (if any) Standards related to this
Guidance Note are stated below.
Synopsis
The new legislation is the first step in the government reform package that aims to create a fairer housing system and levelling up opportunities for more people.
Covering Topics
- Overview
- Introduction
- What is Ground Rent?
- What is a Peppercorn ground rent?
- Which leases does the Act apply to?
- Are there any exceptions?
- What action can an enforcement authority take against a landlord?
