Matthew Penny Cook has confirmed specific changes based on the leasehold and free holding reform law.
In the statement, he said, “I today, the two -year rules for the apartment leasehold owner to extend the wreath, and the leaseholder in the house will extend the lease or purchase free holding rights. Was signed the regulations tool. “
The measures against leaseholds were mentioned in the new government's first King speech.
Dated in September, the government promised to “act quickly” to get into effect on the leasehold right and free hold reform law in 2024, and was passed in a hurry at the end of the previous council.
The new law stipulates that it eliminates the need to own a real estate for two years before the lease owner extends leases or purchases free holds. The new rules prohibit the sale of new houses with leasehold rights and hidden insurance fees.