You may also find the government’s How to lease guide helpful for general information on leasehold property. This guidance provides links and contact details where you may seek further advice. The term “landlord” refers to the person who is the immediate landlord of that person (either the freeholder or another leaseholder with a superior interest in the property). Unless otherwise stated, the term “leaseholder” refers to the person who currently owns the leasehold interest in the property the legal definition of this is also listed in the Act, and in a lease this person may be known as the “leaseholder”. Leaseholders in Wales should read the Welsh Government Guidance on the Act. It also provides details of the further action that may be taken should anyone not follow the requirements of the Act. This document provides guidance to leaseholders, freeholders and managing agents in England on how the provisions of the Act may affect them. The Act will prevent this from happening in future, tackling significant ambiguity and unfairness for future leaseholders. The reputation of the leasehold system has been damaged by unfair practices that have seen some leaseholders contractually obligated to pay onerous and escalating ground rents, with no clear service in return. The Act will make home ownership fairer and more transparent for millions of future leaseholders. The Act came into force for most new leases on 30 June 2022 and from 1 April 2023 for leases of retirement homes. The Act puts an end to ground rents for most new long residential leasehold properties in England and Wales. This guidance has been prepared for leaseholders, freeholders and managing agents in England to help them understand the Leasehold Reform (Ground Rent) Act 2022 (‘the Act’).
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