In this episode, host Farnaz Fazaipour welcomes back Katherine Simpson, a partner at Edwin Coe., specialising in leasehold reform. Katherine provides valuable insights into the Leasehold Reform and Freehold Bill, tracing its origins from the leasehold house scandal of 2017. She discusses key recommendations from the Law Commission and explores the implications of the proposed reforms on tenants, landlords, and the broader real estate market.
From the controversy surrounding ground rents to the challenges of collective enfranchisement, Katherine offers a nuanced perspective on the bill's provisions. Despite some positive changes, such as extending lease terms and simplifying ownership criteria, she highlights lingering concerns regarding valuation methodology and the allocation of costs.
As the debate continues, listeners are encouraged to engage with experts and stay informed about the evolving landscape of leasehold reform. Tune in to gain valuable insights and make informed decisions about your real estate investments.
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