Key surveyors and real estate experts welcomed the government's proposal to further leasehold reforms in the UK and Wales, saying the workers' plans are a “positive step.”
Comments from Dorian Lagg, a partner at national research firm Bruton Knowles, follows a proposal recently set by Housing Minister Matthew Pennycook. 
He has pledged to end what was called the “feudal system” by the end of the current Parliament in 2029.
Realtors with longer memories will often wish Penny Cook, but remember that Michael Gove was revealed when the Housing Secretary under Rishi Snack revealed similar objectives but not achieved.
Rug adds: “(Penny Cook's comments) have been an extension of the general driving force of government policy over the past 30 years, aimed at modernizing the feudal land retention system that was centuries old and supporting leaseholders.
“Of course, there have been a lot of changes over the years to slowly enact changes in the leasehold system, as it has been standing.”
These include the Rental Reform, Housing and Urban Development Act (amendment) of 1993, which allows eligible tenants with a remaining lease term of 21 years to join together with lease owners of other flats in the building and purchase the freeholder of the building. Limited and Rental Stock Reform Act of 2002. The new way to own land based on the Australian and American model, the Rental Stock Reform (Ground Lease) Act of 2022, ending ground rents for new long residential leases. Rental and Freehold Reform Act 2024. Continuing from the 2022 Act, it has improved transparency on service charges and given renters the new right to request information about service charges and landlords' committees on building management, management fees and building insurance contracts. It also extended the standard lease term to 990, giving lease owners the right to extend the lease, purchase freeholds and take over management of the building.
“The increased strength of this law has been on leaseholders is a big move for them, but it's worth seeing if it's worth watching if many people want to use these powers,” he adds.
“I'm holding hands with the changes that have been received by the Building Safety Act and the Fire Safety Act.
“The meaning of self-management is important and if a disability is found it will have a direct meaning to those who manage the residential building.
“The risk of failing to fit legal legislative legislation in the wake of Grenfell could ultimately prevent renters from self-management of the building.”
