12/09/2024
The Leasehold and Freehold Reform Act 2024 marks a significant shift in property law, aiming to empower homeowners with greater rights and protections. While the Act has received royal assent, the implementation of its provisions through secondary legislation is expected between 2025 and 2026. This article explores the potential changes, including the abolition of marriage value, modification of lease extension terms, and the impact on premiums for leaseholders. As the property industry awaits further developments, understanding these reforms is crucial for leaseholders considering their statutory entitlements. Full article: https://lease-advice-bureau.co.uk/leasehold-freehold-reform-act-implementation-timetable/