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#freehold

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"Calls are mounting to pass the secondary legislation needed to enforce the #Freehold Reform Act 2024, which would ban developers from selling new houses as leaseholds, make it cheaper to extend a lease and increase the standard lease length to 990 years. The new government is also planning further reform with the introduction of the #leasehold and #commonhold reform bill."

#UKpolitics #Housing

theguardian.com/money/2024/oct

The Guardian · ‘I was told to pay £212,000’: property owners face huge bills when lease is due to expireBy Diane Taylor

The UK leasehold system sounds like they tried to copy Home Owners Associations and make them worse... Of course as this article points out it pre-dates America by a long stretch.

But I wonder how many of the freehold buildings that will replace leasehold will have as many issues as American HOAs?

theguardian.com/commentisfree/

The Guardian · The Observer view on leasehold: let’s abolish this antiquated and unfair systemBy Guardian staff reporter