Reform should protect leaseholders from disproportionate loss while preserving their neighbours’ ability to live in a properly managed building.
Author: ALEP
ALEP
Formed in 2007 and now with 215 member-organisations, ALEP is a not-for-profit association that brings together barristers, managing agents, project managers, solicitors and valuers working in the residential leasehold sector. ALEP| | 0203 488 8790 | [email protected]
There has been a huge amount in the press about the “feudal” system of leasehold and how the government’s revitalised commonhold will fix all of the problems associated with long leasehold ownership.
Leasehold reform will alter income, control and liquidity, but it will not remove the need for careful due diligence.
ALEP welcomes the Select Committee report into the Draft Commonhold and Leasehold Reform Bill but warns that leaseholders need clearer expectations.
Transparency over ground rents, valuation reform and the unresolved technical flaws affecting implementation of the Leasehold & Freehold Reform Act 2024 remain priorities
ALEP estimates that introducing commonhold at scale would require several days of structured training per practitioner.
ALEP held its annual conference on 15 October, attracting more than 240 professionals from across the leasehold sector.
Right to Manage: As the qualifying criteria opens up new opportunities for leaseholders, ALEP advises all involved.
Commentary from Mark Chick, director of ALEP (Association of Leasehold Enfranchisement Practitioners) and a Partner at Bishop & Sewell LLP.
Following the rushed Royal Assent of the Leasehold and Freehold Reform Act 2024, further controversy has arisen.