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The future of property law in England and Wales – leasehold, commonhold and consumer rights
April 25, 2019 @ 9:00 am - 1:00 pm£230
The “Future of Property Law in England and Wales” conference brings together policymakers and stakeholders to discuss the way forward for property law in England and Wales. As the Government and the Law Commission are developing a series of significant reforms to the leasehold, commonhold and property management systems, this couldn’t come at a better time.
Proposed areas for discussion include:
- The practical and legal implications arising from the Law Commission’s consultation on the process for leaseholders seeking to buy a freehold, including reforms to the valuation formula.
- The Government’s new regulations regarding the recognition of residents’ associations and The Law Commission’s consultation on simplifying the Right to Manage process by which residents can create their own company to undertake maintenance instead of the company chosen by the freeholder.
- The proposals and assess the challenges for delivering the reforms in order to achieve the aim of greater leaseholder rights.
- The Law Commission’s consultation on policies to expand the use of commonhold ownership in England and Wales, and to make it easier to convert from leasehold to commonhold.
- How a change in culture might be achieved amongst property developers, advisors and others connected with the sector to promote commonhold, including increasing lender confidence to improve the choice of mortgage options for consumers in England and Wales.
- The implications for developers and freeholders of Government’s proposed changes to the leasehold market that intend to make it unlawful to sell new homes on a leasehold basis and the plan to cap ground rents in new leases for flats to £10.
- The political, legal and practical challenges of any potential attempts to retrospectively apply change to existing leasehold contracts.
The conference takes place at a time when the Housing, Communities and Local Government Committee is expected to report on the findings of its inquiry into leasehold matters. It also follows the Secretary of State writing to both the SRA and CMA calling on them to investigate the situation of existing agreements that double ground rents every 10 years.