The cladding bill for leaseholders: £10bn-£50bn The cladding tax: £200m per year over 10yrs Persimmon made £783.8m in pretax profits last year. Barratt Homes £812.2m, Berkeley £518.1m, Taylor Wimpey £264.4m, Bellway £236.7m, Vistry £98.7m Outrageous! https://t.co/vQAi2FGop3

The moment that confirmed the Leasehold and Freehold Reform Act 2024 will become law. Whatever its shortcomings, this legislation is one of the most important Acts in the history of property law. And I would also like to thank the leasehold campaigners that made this possible.

The most moving moment of the HL debate on the Leasehold and Freehold Reform Bill. Baroness Fox pays tribute to heroic leasehold campaigners, without whom none of these reforms would have happened.

These amendments are to be treated as having come into force on 28 June 2022. For further details, see amendments (a) to (d) which replaced the Lords Amendments 242, 243 and 288.

A CRL includes a surrender and regrant where the new demise consists of (i)  some or all of the “already let” property, together with other property, or (ii)  some, but not all, of the already let property (but no other property) (a “property reduction”).

The most common example of a CRL will be a lease extension granted on or after 14 February 2022, whether statutory or non-statutory, where the surrendered lease was a qualifying lease.

Leasehold Reform: Lease Extensions and Building Safety Act — Hot off the Press MPs have just agreed (without a vote) an amendment to the Levelling Up and Regeneration Bill, so that “a connected replacement lease” is now a “qualifying lease”.

🏡#Leaseholds are a complex and high-risk area of practice... 📲Please scan the QR code in the image below or click on the link to book your place: https://t.co/QFcGrwhwPy #conveyancing #conveyancers

Reserve your place at our latest Seminar, with our guest speaker @stephenjdesmond 24th October, Swansea City Stadium @xpresslegal #training #conveyancing #CPD #Cardiff #Southwales #solicitors

While noting @mtpennycook's criticisms of the govt, I wonder: will Labour commit to removing the distinction between leaseholders who have many protections and others with practically none, so ALL leaseholders are shielded from the costs of historical building safety defects?

Last few places available on our #conveyancing #CPD training seminar in #Kent. Book your place here: https://t.co/jpqsZXHEAS #thelegalhour #conveyancers #training

Good morning @MichaelGove @Lee4NED This was 2 years ago. We are still trapped. #EndOurCladdingScandal

I am aware that there are different priorities within the leasehold campaign community. While I am not an activist, I follow leasehold developments closely and will share my own thoughts and insights in the hope that, in some small way, I can be of assistance to this community.

NOW is the right time to intensify efforts to overhaul the BSA. Non-qualifying lease extensions and enfranchisements are the tip of the iceberg. Root & branch reform is necessary and, given the mess created by leaseholder protections, inevitable. Let's give it our best shot @luhc

From recent interactions, I sense there might be a little disunity among some in the leaseholder campaign community. Hope I'm wrong. A collective response from those seeking to protect the best interests of #leaseholders is more likely to be effective than one which is fractured.

the government claims it is committed in the Kings Speech to making enfranchisement claims simpler and less costly. How on earth do you resolve this contradiction? 🤔🤔🤔 Protect the non-qualifying! @luhc #BuildingSafetyAct

It is ludicrous that if a relevant building (11+m high) consists entirely of BSA qualifying leaseholders and a majority of those leaseholders then enfranchise, their building would no longer be a relevant building and they would all lose their BSA protections. Yet ...

@stephenjdesmond People were encouraged to become investors and invest in buy to let to top up their pensions, now these people are being thrown under the bus by retrospective regulation which ruins the lives of buyers and allows the real culprits , the developer donor cartels get away with it

Malcolm bought nine small rental flats in 2007-8 for around £80,000 each. They are effectively valued at £0 because of defects found in post-Grenfell checks. Estimated remediation costs are £33,000 per flat. He now faces financial ruin. So unfair! https://t.co/AqGLhCNlLl.

@stephenjdesmond @julietMCP2 “Non-qualifying leaseholder” should never have been a thing. All leaseholders should have been afforded the same protections.

@stephenjdesmond Surely something must be done to reverse the consequences of non qualifying leases, which make leases unsaleable in the open market in perpetuity. BTL leaseholders like me face ruin,Freeholders gain enrichment. Surely not an intentional consequence of BSA? #EndOurCladdingScandal