Leasehold Reform (Ground Rent) Act 2022

United Kingdom legislation

The Leasehold Reform (Ground Rent) Act 2022 (c. 1) is an Act of the Parliament of the United Kingdom. It defined the peppercorn rent as a price of one peppercorn per year and prohibited ground rent greater than that price on new leases.^[1][2]

Rising ground rents had prevented purchasers of leasehold properties in England from selling their homes since lenders refused to approve mortgages.^[2] This act is a part of the UK government's programme to reform the leasehold system.^[3]

See also

• Leasehold Reform Act 1967
• Commonhold and Leasehold Reform Act 2002

References

1. "Leasehold Reform (Ground Rent) Act 2022", legislation.gov.uk, The National Archives, 2022 c. 1
2. "Leasehold scandal: ground rents on new leases to be banned from 30 June". Which?. 10 June 2022. Retrieved 12 March 2023.
3. "Future homebuyers to be freed from expensive ground rent bills on 30 June". 22 April 2022. Retrieved 12 March 2023.