Seddons GSC Partner and head of the Leasehold Enfranchisement team, John Midgley, features in The Negotiator offering his insight on how leasehold reforms have failed to make the process of extending a lease easier.
John explained, “The Leasehold and Freehold Reform Act 2024 was passed with great haste, in the ‘wash up’ at the end of the last parliament, just before the election.
The result is exactly what many of us feared – a piecemeal piece of legislation that not only requires extensive secondary legislation and time to enact (as might be anticipated), but also by the government’s own admission needs primary legislation to fix fundamental flaws in the valuation mechanism before it can be made ‘live’.
The market is now caught in a state of indecision, and both leaseholders and their advisers need clarity.”
Read the full piece, here.