When a landlord takes back a rented flat because of unpaid rent or broken lease terms, they must now give the tenant's share of the property's value back instead of keeping it all.
A Bill to make provision requiring landlords exercising a right of forfeiture or re-entry in relation to a property subject to a long lease to account to the tenant for the tenant’s equity in that property and to hold the tenant’s equity on trust; to restrict the landlord’s right to legal and administrative costs; and for connected purposes.
Status: In Progress
Current House: Lords
Stage: 1st reading
Sponsored by: Lord Young of Cookham
Introduced: 2022-12-01