The Law Society’s recommendation that the definition of the word ‘rent’ in the Leasehold Reform Bill be tightened to clarify its application to ground rents alone has been considered by the House of Lords
Lexis®Library update: Lord Young commended the briefing provided by the Law Society, stating that the biggest problem with the bill is its ‘failure to distinguish between different types of rent’. Lord Greenhalgh, on the other hand, defended the wide definition of ‘rent’ as a means of preventing landlords from finding loopholes and introducing monetary ground rents by another name.
The Bill, which left the committee stage on 14 June 2021, is now due to proceed to report stage, though no date has been set.
The Bill, which left the committee stage on 14 June 2021, is now due to proceed to report stage, though no date has been set.
Source: Law Society recommendation highlighted in Leasehold Reform Bill debate
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 23 June 2021 and is published with permission. Further information can be found at: https://www.lexisnexis.co.uk/
