The ban on ground rents is now due to come into effect on 30.06.2022
The Leasehold Reform (Ground Rent) Act 2002 will restrict ground rents on most new long residential leases in England and Wales to the value of zero, or as otherwise known, a token “peppercorn” rent per year. Although the new law effectively abolishes ground rents on new leaseholds, it does not currently extend to existing leaseholders.
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