On the 8th February 2022, the Leasehold Reform (Ground Rent) Act 2022 (“the Act”) received Royal Assent.
The new legislation when fully in force will restrict annual ground rents on newly created long leases of houses and flats (with some exceptions) to a peppercorn amount, reducing the financial value to virtually zero.
The recent case of Chandler v. Lombardi [2022] EWHC 22 (CH) (Jason Beer QC (sitting as a Deputy High Court Judge)) highlights the importance of attorneys understanding their role and the limitations of their authority.