Home ownership overhaul ahead

The Law Commission has proposed radical reforms to home ownership, making it simpler for leaseholders to extend their lease, buy the freehold and take over the management.

The details were set out in three reports this week, ‘Leasehold home ownership’, covering freehold purchase or lease extension, ‘Right to manage’ (RTM) and ‘Reinvigorating commonhold’.

Hema Anand, Partner, in our residential property team comments on this in an article for New Law Journal.

The full article is available, here.