This Act caps ground rent on new long residential leases at a peppercorn (effectively zero), banning escalating rental demands. It affects millions of leaseholders by making property ownership more affordable and predictable.
A Bill to make provision about the rent payable under long leases of dwellings; and for connected purposes
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Lord Greenhalgh, Michael Gove
Introduced: 2021-05-12
Royal Assent: 2022-02-08