Leasehold Transparency under Leasehold Reform Act 2024
The Government has launched a consultation aimed at increasing transparency and strengthening protections for leaseholders, particularly concerning service charges and major works. This follows on recent reforms introduced through the Leasehold Reform Act 2024, and the Leasehold Reform (Ground Rent) Act 2022, which have already made significant strides in improving leaseholder rights.
Key Reforms Under The Leasehold and Freehold Reform Act 2024
The 2024 Act introduces several landmark reforms (however, most provisions are not yet in force as they require secondary legislation and further consultation), including:
- Easier and more affordable lease extensions
- Extension of standard lease terms to 990 years
- Ban on sale of leasehold homes and a transition to commonhold ownership in the future
- Prohibition on landlords recovering legal costs in leaseholder applications
- Improved transparency on fixed service charges
- Enhanced transparency to the section 20 consultation process for major works
- Mandatory qualifications for managing agents
Consultation Deadline
The consultation (Strengthening leaseholder protections over charges and services: consultation - GOV.UK) is currently open and will close on 26 September 2025. Both Landlords and Leaseholders are encouraged to participate and provide feedback.
Resources for Landlords
Looking for practical tools and guidance?
Visit the Property Information Page for comprehensive information on Residential Leases Rent and Service Charges.
You can also find a range of useful templates in Residential Tenancy Rent and Service Charge Documents, including:
- Ground Rent Demand
- Service Charge Demand
- Estimated Service Charge Statement
- Service Charge Apportionment Schedule
- Actual Service Charge Statement
- Summary of Tenant’s Rights and Obligations for Variable Service Charge Demand
These resources are designed to support landlords and property managers in complying with current legislation and best practice.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.