Leasehold Reform Bill

Long title

A Bill to amend the law relating to long leaseholders; to confer further powers on leaseholders; to make provision in relation to leaseholders in local council owned property and property owned by other social landlords; to confer powers on landlords to create sinking funds; to make requirements of landlords relating to the management of property; for conencted purposes

Summary

<p>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&rsquo;s decent homes target by 2010.</p><p><strong>Key areas</strong></p><ul><li>Increases the involvement of long leaseholders in decisions over major works to their homes</li><li>Limits the monthly charge that someone could be required to pay to their local authority landlord in respect of major works</li><li>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</li><li>Requires the Secretary of State to make regulations concerning authorities&rsquo; powers/duties to buy back all or part of a long leaseholder&rsquo;s property on request. </li></ul><p> </p><p> </p>

Progress through Parliament

1. 1st reading· Commons

   5 December 2007 – 5 December 2007

2. 2nd reading· Commons

   22 February 2008 – 22 February 2008