IRRV Alert - week ending 11th June 2021
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Lords continues line by line examination of Leasehold Reform (Ground Rent) Bill (11 June 2021)
Lords continues line by line examination of Leasehold Reform (Ground Rent) Bill
11 June 2021
JUN
11
2021
The House of Lords continues detailed examination of the Leasehold Reform (Ground Rent) Bill in committee stage on Monday 14 June.
The purpose of the Leasehold Reform (Ground Rent) Bill is to set future ground rents to zero for new leases to make leasehold ownership fairer.
Line by line examination
Day two of committee stage, the first chance to check the bill in detail and make changes, will take place from 2.30pm in Grand Committee.
Proposed changes
Members have put forward changes (PDF) (amendments) to consider at committee stage.
Members speaking will discuss changes on a wide rage of subjects (to be confirmed on Monday 14 June).
Get involved
Watch or read
Watch live on Parliament TV from 2.30pm. Read a Lords Hansard transcript, available from three hours after the debate.
Explore further information
Find out more in the House of Lords Library Leashold Reform (Ground Rent) Bill briefing.
What's happened so far?
Committee stage day one: Wednesday 9 June
Members put forward changes (PDF) (amendments) to consider.
Members speaking discussed particular amendments on a wide range of subjects, including:
- provisions for retirement homes
- the financial impact of this Act for leaseholders
- extensions to leasehold contracts.
Existing leaseholders
Members also rasied concern about a lack of help in the bill for existing leaseholders (its measures provide for future leaseholders) or anyone who buys a lease with a ground rent before the bill's commencement date.
They questioned (with amendments) why the bill does not deliver government policy to enable leaseholders to buy out the ground rent without the need to extend the lease.
Find out about all the issues discussed: catch up on Parliament TV or read the House of Lords Hansard transcript of the debate.
Second reading: Monday 24 May
Members of the House of Lords discussed the key areas of the bill in the second reading debate.
Members expressed concern regarding ground rents and unreasonable service charges existing leaseholders are required to pay.
Catch up on Parliament TV or read a transcript of the debate in House of Lords Hansard.