Start of the end for ground rents

The Leasehold Reform (Ground Rent) Act 2022 received Royal Assent on 8 February 2022.

When it comes into force, it will limit the ground rent payable on most new long residential leases in England and Wales.

Certain types of leases are excepted from the ground rent restrictions in the 2022 Act: business leases, statutory lease extensions of houses and flats, community housing leases and home finance plan leases.

 From a recent announcement, the ground rent restrictions will come into force on 30 June 2022.

This means that for new developments of leasehold properties – flats and apartments (except in relation to retirement home leases), the ground rent should be zero for all new leases. Anyone signing a new lease in the next 2 months, the ground rent provisions in their lease should reflect the changes the legislation will bring in force on 30 June.

  Oglethorpe Sturton and Gillibrand act for developers, as well as buyers on various types of new build properties. Our expertise covers a wide range of conveyancing transactions for residential, commercial and agricultural land and property. If you would like to speak to a member of the team, please call reception on 01524846846 or visit our website.

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17 June 2025

I used OSG for conveyancing for sale of my property. Emma Greenwood was very prompt with getting things done and communication with her throughout the process, was easy and quick. I would high recommend OSG and Emma.

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10 June 2025

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4 June 2025

Emme Greenwood did a great job for us with our recent house conveyancing. We were not familiar with the English system as we were moving from Scotland. Emma 'held our hands' throughout the process and we found her professional, patient and efficient at all times. She was communicative, even in the evening and at weekends and removed a lot of the stress involved in moving house even when the 'other sides' solicitors were dragging their heels! Well done - your efforts are very much appreciated !

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4 June 2025

OSG Have been my acting solicitors for many years and have covered many aspects of legal work for me. Most recently, a property sale completed by Emma Greenwood. Communication was excellent throughout. Always clear, precise, accurate & understandable. Would highly recommend to anyone requiring legal services.

Karen B

30 May 2025

Start of the end for ground rents

Start of the end for ground rents

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Start of the end for ground rents

Start of the end for ground rents

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