Passed hastily in the ‘wash-up’ before the general election, LAFRA 2024 promised fairness, lower costs and 990-year leases — but one year later, confusion reigns. Survey data by the Association of Leasehold Enfranchisement Practitioners, of which Uphill is a member, reveals stalled transactions, uncertain valuations, and ‘guesswork’ advice as practitioners await secondary legislation.
Central to the chaos is the unresolved abolition of marriage value, now mired in human rights challenges. Leaseholders face paralysis, unsure whether to act or wait.
Uphill urges government clarity on implementation and consultation with professionals to avoid reform fatigue. Without a clear timetable, she warns, well-meant legislation risks collapsing into contradiction—leaving leaseholders trapped between political promises and practical inaction.
