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MHCLG announces leasehold reforms for 2025 – implementation of LFRA 2024 and modernisation of commonhold

Published on: 22 November 2024
Published by LNB News

LNB News 22/11/2024

Document Information

Issue Date: 22 November 2024

Published Date: 22 November 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Ministry of Housing, Communities and Local Government has announced a comprehensive set of leasehold reforms, scheduled for implementation in 2025, aimed at providing increased rights and protections for owners of five million leasehold homes. Key measures include the implementation of the provisions in the Leasehold and Freehold Reform Act 2024 (LFRA 2024) in January 2025, which remove the current ‘two-year-rule’, enabling leaseholders to extend their lease or purchase their freehold without waiting two years after their initial purchase and those which will allow homeowners to take over the management of their building, and ensure more cost transparency and facilitating challenges to unfair service charges.

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