Is it time leaseholds were done away with?
Unlike a freeholder who owns a property and the land it is built on outright, a leaseholder owns a lease which gives them the right to use the property.
Legislation is planned to be introduced in the autumn, however it will not implement a ban, instead introducing protections for tenants from ground rents and legal fees. A commonhold system would mean occupants jointly own and take responsibility for their buildings without an expiring lease.
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