In on the Act: Stephen Jourdan KC discusses the Leasehold and Freehold Reform Bill

In on the Act kicks off its 2024 series with a deep dive into the Leasehold and Freehold Reform Bill.

Part of the government’s commitment to leasehold reform, the Bill was introduced in November 2023 and is now working its way through the Parliamentary process.

To unpack its detail, EG’s Sarah Jackman is joined by Stephen Jourdan KC, barrister at Falcon Chambers, who sets the scene by discussing the drivers for leasehold reform and recent work undertaken by the Law Commission in the area.

He then details the main provisions set out in the Bill, including changes to the lease extension term for houses and flats, as well as covering other elements such as the administration of service charges and buildings insurance costs. He also highlights the Bill’s omissions, notably commonhold and a ban on new leasehold property.

But with a general election looming, how likely is the Bill to make it onto the statute books in 2024?