The Leasehold Reform (Ground Rent) Act 2022 (c. 1) is an act of the Parliament of the United Kingdom. It defined the peppercorn rent as a price of one peppercorn per year and prohibited ground rent greater than that price on new leases.[1][2]

Rising ground rents had prevented purchasers of leasehold properties in England from selling their homes since lenders refused to approve mortgages.[2] This act is a part of the UK government's programme to reform the leasehold system.[3]

See also

References

  1. ^ "Leasehold Reform (Ground Rent) Act 2022", legislation.gov.uk, The National Archives, 2022 c. 1
  2. ^ a b "Leasehold scandal: ground rents on new leases to be banned from 30 June". Which?. 10 June 2022. Retrieved 12 March 2023.
  3. ^ "Future homebuyers to be freed from expensive ground rent bills on 30 June". 22 April 2022. Retrieved 12 March 2023.


Allikas: http://en.wikipedia.org/wiki/Leasehold_Reform_(Ground_Rent)_Act_2022
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