December 3, 2024

Leasehold Reform: Changes Begin in January, but Progress Remains Slow

Leasehold Reform: Changes Begin in January, but Progress Remains Slow

Starting in January, the “two-year rule” will be abolished, allowing new buyers to immediately extend their lease or purchase the freehold without the usual waiting period. However, for most other reforms, we’ll need to wait until mid-next year for consultations to begin.