Leasehold Reform Bill 2007-08
Progress of the Bill
Bill started in the House of Commons
- House of Commons
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- House of Lords
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- Royal Assent
Last event
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2nd Reading: House of Commons 22 February, 2008
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22.02.2008
All previous stages of the Bill
Summary of the Bill
The Bill seeks to strengthen the rights of long leaseholders of residential premises. It tackles the charges that some long leaseholders of social landlords face as a result of major works being carried out to achieve the Government’s decent homes target by 2010.
Key areas
- Increases the involvement of long leaseholders in decisions over major works to their homes
- Limits the monthly charge that someone could be required to pay to their local authority landlord in respect of major works
- Requires the Secretary of State to make regulations under which local authorities would be able to establish sinking funds to which long leaseholders would be required to make contributions
- Requires the Secretary of State to make regulations concerning authorities’ powers/duties to buy back all or part of a long leaseholder’s property on request.
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