Consultation on the Law Commission report on commonhold ends on Sunday at mid-night.
Please make sure you make a contribution. Question 94 is pretty open-ended, where leaseholders can say why they think a commonhold structure would be an improvement on current leasehold.
The bulk of the Law Commission consultation is concerned with making commonhold work vis-à-vis existing leasehold and converting this stock to commonhold.
What LKP argues for is the altogether much simpler point: stop developers creating leasehold with wealth eroding investment vehicles in ordinary families’ homes.
Commonhold needs to become mandatory for new build. After that, the conversion to commonhold of existing stock becomes a pressing issue.
Key to this is the ending of ground rents. Once this legally enforceable income stream, for no designated service, is removed, the case against commonhold falls apart and England and Wales join the rest of the world.
Here is our advice on getting your views across.
LKP advice on Law Commission Commonhold consultation
Give YOUR Reasons why Commonhold will Help You
Anticipating how the Market will Adapt to Commonhold
LKP Opposes the 25% rule barring mixed-used schemes from self-governance
Related posts:
Housebuilders WILL benefit from commonhold, Hopton Build developer tells Law Commission
Law Commission consultation on enfranchisement
‘The time is right for commonhold,’ announces Law Commission. (Pity the government doesn’t agree …)
LKP guidance for responding to the government consultation on tackling unfair practices in the leasehold market
What if Berkeley had built Charter Quay as commonhold? Site visit by officials and Law Commission
Leasehold first-time buyers trapped in leasehold homes with £800 ground rents, says BBC
